Collective Family Office LLC Sells 443 Shares of CSX Co. (NASDAQ:CSX)

Collective Family Office LLC lessened its position in shares of CSX Co. (NASDAQ:CSX) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,466 shares of the transportation company’s stock after selling 443 shares during the quarter. Collective Family Office LLC’s holdings in CSX were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CSX. Itau Unibanco Holding S.A. acquired a new stake in CSX during the 2nd quarter valued at $26,000. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the third quarter valued at $31,000. Fairscale Capital LLC bought a new position in shares of CSX in the second quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in CSX during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Down 0.5 %

Shares of CSX stock traded down $0.15 on Wednesday, reaching $32.04. 3,192,164 shares of the company were exchanged, compared to its average volume of 12,157,620. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average of $34.18 and a 200 day moving average of $34.02. The company has a market capitalization of $61.79 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.24 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts forecast that CSX Co. will post 1.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CSX shares. Susquehanna cut their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Stephens cut their price objective on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Barclays lifted their target price on shares of CSX from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. BMO Capital Markets cut their price target on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Stifel Nicolaus decreased their price objective on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.78.

About CSX

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.