Platform Technology Partners Sells 382 Shares of CSX Co. (NASDAQ:CSX)

Platform Technology Partners reduced its stake in CSX Co. (NASDAQ:CSX) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,195 shares of the transportation company’s stock after selling 382 shares during the quarter. Platform Technology Partners’ holdings in CSX were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSX. Perpetual Ltd purchased a new position in shares of CSX during the 4th quarter valued at about $83,301,000. Assenagon Asset Management S.A. raised its stake in CSX by 318.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock worth $112,946,000 after acquiring an additional 2,489,329 shares during the period. FMR LLC lifted its holdings in CSX by 10.2% during the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares in the last quarter. KBC Group NV boosted its position in shares of CSX by 616.4% in the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock worth $35,966,000 after purchasing an additional 958,957 shares during the period. Finally, Svenska Handelsbanken AB publ purchased a new stake in shares of CSX in the third quarter worth $31,018,000. 73.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSX shares. Robert W. Baird lowered their target price on shares of CSX from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Barclays lowered their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. TD Cowen lowered their price target on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Evercore ISI cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.16.

CSX Trading Down 0.5 %

CSX opened at $32.59 on Friday. The stock has a 50-day moving average of $33.02 and a 200 day moving average of $33.86. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The firm has a market cap of $62.85 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.90 and a beta of 1.23.

CSX (NASDAQ:CSX) last announced 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 28.15% and a net margin of 23.95%. As a group, research analysts forecast that CSX Co. will post 1.88 EPS for the current year.

CSX Company 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.