Midwest Financial Group LLC Reduces Position in CSX Co. (NASDAQ:CSX)

Midwest Financial Group LLC decreased its holdings in CSX Co. (NASDAQ:CSX) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,200 shares of the transportation company’s stock after selling 400 shares during the quarter. Midwest Financial Group LLC’s holdings in CSX were worth $716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. raised 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 valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of CSX in the 3rd quarter worth $31,000. Addison Advisors LLC grew its holdings in shares of CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after acquiring an additional 812 shares during the period. Fortitude Family Office LLC increased its position in CSX by 43.4% during the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. lifted its holdings in CSX by 33.7% in the third 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. Institutional investors own 73.57% of the company’s stock.

CSX Stock Down 3.2 %

Shares of NASDAQ:CSX opened at $32.59 on Friday. The company has a 50-day moving average price of $33.62 and a 200 day moving average price of $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.43 and a 12 month high of $40.12. The company has a market cap of $62.85 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.06 and a beta of 1.22.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CSX shares. BMO Capital Markets dropped their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada lowered their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Citigroup cut their price target on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.22.

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.