Invesco LLC Decreases Stake in CSX Co. (NASDAQ:CSX)

Invesco LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,250 shares of the transportation company’s stock after selling 772 shares during the period. Invesco LLC’s holdings in CSX were worth $492,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CSX. Valley Wealth Managers Inc. grew its stake in shares of CSX by 177.8% during the 3rd 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 period. Morton Brown Family Wealth LLC acquired a new position in CSX during the third quarter worth about $31,000. Addison Advisors LLC increased its holdings in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares in the last quarter. Fortitude Family Office LLC increased its holdings in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. lifted its position in shares of CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 316 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CSX. Stephens reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of CSX in a research note on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday. Robert W. Baird lowered their price objective 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. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Barclays lowered their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average target price of $37.58.

CSX Trading Up 1.8 %

Shares of NASDAQ CSX traded up $0.58 on Wednesday, reaching $33.26. 2,635,358 shares of the company traded hands, compared to its average volume of 14,939,511. The stock has a market capitalization of $64.14 billion, a PE ratio of 17.90, a P/E/G ratio of 2.06 and a beta of 1.22. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week 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 $33.47 and a 200 day moving average of $33.95.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that CSX Co. will post 1.83 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.