Cibc World Market Inc. Sells 18,856 Shares of CSX Co. (NASDAQ:CSX)

Cibc World Market Inc. decreased its stake in CSX Co. (NASDAQ:CSX) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,570,359 shares of the transportation company’s stock after selling 18,856 shares during the period. Cibc World Market Inc. owned about 0.08% of CSX worth $50,675,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock worth $407,000 after purchasing an additional 293 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock worth $830,000 after purchasing an additional 306 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of CSX by 0.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 309 shares during the period. Finally, Associated Banc Corp lifted its position in shares of CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after purchasing an additional 310 shares during the period. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 24th. Royal Bank of Canada decreased their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a report on Friday, January 24th. Benchmark reissued a “buy” rating and set a $38.00 price objective on shares of CSX in a report on Monday. Loop Capital decreased their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.58.

CSX Stock Down 0.4 %

Shares of CSX stock opened at $32.86 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The firm’s 50-day moving average is $33.44 and its two-hundred day moving average is $33.94. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.90 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, research analysts expect that CSX Co. will post 1.88 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.