Platform Technology Partners Sells 382 Shares of CSX Co. (NASDAQ:CSX)

Platform Technology Partners lessened its holdings in CSX Co. (NASDAQ:CSX) by 2.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,195 shares of the transportation company’s stock after selling 382 shares during the quarter. Platform Technology Partners’ holdings in CSX were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Valley Wealth Managers Inc. boosted its holdings in shares of CSX by 177.8% in 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 period. Morton Brown Family Wealth LLC bought a new stake in CSX during the 3rd quarter valued at $31,000. Addison Advisors LLC lifted its holdings in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the period. Fortitude Family Office LLC grew its position in shares of CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after buying an additional 336 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of CSX during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CSX shares. TD Cowen lowered their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Susquehanna reduced their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their target price on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.16.

CSX Trading Down 0.5 %

NASDAQ:CSX opened at $32.59 on Friday. The company has a market capitalization of $62.85 billion, a P/E ratio of 18.21, a PEG ratio of 1.90 and a beta of 1.23. The company has a current ratio of 0.86, 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 firm has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $33.86.

CSX (NASDAQ:CSX) last issued its quarterly 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 28.15% and a net margin of 23.95%. On average, equities research analysts anticipate that CSX Co. will post 1.88 earnings per share for the current year.

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.