Piscataqua Savings Bank Has $464,000 Holdings in CSX Co. (NASDAQ:CSX)

Piscataqua Savings Bank lowered its stake in CSX Co. (NASDAQ:CSX) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 14,384 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Piscataqua Savings Bank’s holdings in CSX were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Public Sector Pension Investment Board increased its stake in shares of CSX by 69.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,576 shares of the transportation company’s stock worth $2,495,000 after purchasing an additional 30,531 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of CSX during the second quarter valued at approximately $221,000. The Manufacturers Life Insurance Company grew its holdings in shares of CSX by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,570,083 shares of the transportation company’s stock valued at $85,965,000 after buying an additional 171,527 shares during the last quarter. Ascent Group LLC boosted its holdings in CSX by 27.9% in the second quarter. Ascent Group LLC now owns 75,185 shares of the transportation company’s stock worth $2,515,000 after purchasing an additional 16,406 shares during the last quarter. Finally, Kitching Partners LLC purchased a new position in shares of CSX during the 2nd quarter worth $359,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

NASDAQ CSX opened at $32.69 on Monday. The business has a 50 day simple moving average of $33.53 and a 200 day simple moving average of $33.96. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The stock has a market cap of $63.04 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.06 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. Analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $38.00 price target on shares of CSX in a research note on Friday. JPMorgan Chase & Co. cut their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company cut their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday. BMO Capital Markets reduced their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group raised 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 analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.68.

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.