BDF Gestion Reduces Position in CSX Co. (NASDAQ:CSX)

BDF Gestion lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,631 shares of the transportation company’s stock after selling 14,886 shares during the period. BDF Gestion’s holdings in CSX were worth $3,699,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CSX. Avior Wealth Management LLC grew its holdings in shares of CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 306 shares during the period. Rehmann Capital Advisory Group grew its holdings in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 306 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after purchasing an additional 309 shares during the period. Finally, Associated Banc Corp boosted its stake in CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Up 0.9 %

Shares of NASDAQ:CSX opened at $32.98 on Thursday. The firm’s 50 day moving average price is $33.47 and its 200 day moving average price is $33.95. The stock has a market cap of $63.60 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth 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 quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share 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 fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CSX shares. Citigroup lowered their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Barclays lowered their target price on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Finally, Loop Capital reduced their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.58.

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.