CSX Co. (NASDAQ:CSX) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group cut its holdings in shares of CSX Co. (NASDAQ:CSX) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,305 shares of the transportation company’s stock after selling 346 shares during the quarter. Brooklyn Investment Group’s holdings in CSX were worth $333,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CSX. Merit Financial Group LLC grew its holdings in CSX by 48.8% in the 4th quarter. Merit Financial Group LLC now owns 25,664 shares of the transportation company’s stock valued at $828,000 after buying an additional 8,412 shares in the last quarter. Butensky & Cohen Financial Security Inc. boosted its position in shares of CSX by 3.3% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 114,888 shares of the transportation company’s stock valued at $3,707,000 after acquiring an additional 3,621 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of CSX in the fourth quarter valued at about $11,568,000. Tompkins Financial Corp acquired a new stake in CSX during the fourth quarter worth about $139,000. Finally, Empirical Asset Management LLC raised its stake in CSX by 2.3% during the fourth quarter. Empirical Asset Management LLC now owns 36,360 shares of the transportation company’s stock worth $1,173,000 after purchasing an additional 825 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CSX shares. Stifel Nicolaus cut their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Loop Capital decreased their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada cut their price objective on CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Finally, Stephens decreased their target price on shares of CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, CSX has an average rating of “Moderate Buy” and an average price target of $38.65.

CSX Price Performance

CSX stock opened at $32.73 on Friday. The business’s 50-day moving average is $33.82 and its two-hundred day moving average is $33.95. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The firm has a market capitalization of $63.12 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.93 and a beta of 1.22. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) 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 firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Analysts anticipate 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.