First United Bank & Trust Sells 1,280 Shares of CSX Co. (NASDAQ:CSX)

First United Bank & Trust trimmed its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,995 shares of the transportation company’s stock after selling 1,280 shares during the period. First United Bank & Trust’s holdings in CSX were worth $2,226,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Interval Partners LP boosted its stake in CSX by 849.0% during the second quarter. Interval Partners LP now owns 5,118,751 shares of the transportation company’s stock worth $171,222,000 after acquiring an additional 4,579,344 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of 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 purchasing an additional 2,489,329 shares in the last quarter. Bank of Montreal Can increased its position in CSX by 38.7% in the 2nd quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock valued at $225,917,000 after buying an additional 1,884,998 shares in the last quarter. FMR LLC grew its stake in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after acquiring an additional 1,447,651 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of CSX by 275.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock valued at $62,019,000 after acquiring an additional 1,360,075 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Barclays dropped their target price on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. TD Cowen lowered their price target on CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Finally, Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.65.

CSX Stock Performance

NASDAQ CSX opened at $32.73 on Tuesday. 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 $63.12 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The company’s 50 day moving average is $33.82 and its 200-day moving average is $33.96.

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.