BDF Gestion Sells 14,886 Shares of CSX Co. (NASDAQ:CSX)

BDF Gestion lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,631 shares of the transportation company’s stock after selling 14,886 shares during the quarter. BDF Gestion’s holdings in CSX were worth $3,699,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in CSX in the 4th quarter valued at approximately $41,000. New England Research & Management Inc. raised its holdings in shares of CSX by 1.2% in the 4th quarter. New England Research & Management Inc. now owns 112,010 shares of the transportation company’s stock worth $3,615,000 after buying an additional 1,304 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of CSX by 2.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 363,948 shares of the transportation company’s stock worth $11,745,000 after buying an additional 8,887 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in shares of CSX in the 4th quarter worth approximately $1,310,000. Finally, Orca Wealth Management LLC acquired a new position in shares of CSX in the 4th quarter worth approximately $2,058,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Susquehanna decreased their price objective on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird reduced their price target on CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Finally, Stifel Nicolaus reduced their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.58.

CSX Stock Performance

CSX stock opened at $32.98 on Thursday. The firm’s fifty day moving average price is $33.47 and its 200-day moving average price is $33.95. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The stock has a market cap of $63.60 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. On average, equities research analysts expect that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.