Park National Corp OH Sells 6,198 Shares of CSX Co. (NASDAQ:CSX)

Park National Corp OH trimmed its stake in CSX Co. (NASDAQ:CSX) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,852 shares of the transportation company’s stock after selling 6,198 shares during the period. Park National Corp OH’s holdings in CSX were worth $5,739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its stake in shares of CSX by 184.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 9,337 shares of the transportation company’s stock valued at $312,000 after buying an additional 6,058 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in CSX in the second quarter worth about $33,000. Acadian Asset Management LLC lifted its stake in CSX by 654.4% during the second quarter. Acadian Asset Management LLC now owns 324,399 shares of the transportation company’s stock worth $10,847,000 after purchasing an additional 281,400 shares during the period. Caprock Group LLC boosted its holdings in CSX by 57.3% during the second quarter. Caprock Group LLC now owns 35,699 shares of the transportation company’s stock valued at $1,194,000 after purchasing an additional 13,005 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of CSX in the 2nd quarter valued at approximately $120,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CSX shares. Stephens decreased their price target on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Barclays boosted their target price on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Royal Bank of Canada dropped their target price on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Citigroup raised their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $38.78.

CSX Price Performance

Shares of CSX stock opened at $32.19 on Wednesday. The firm’s 50 day moving average price is $34.18 and its two-hundred day moving average price is $34.02. The stock has a market cap of $62.08 billion, a PE ratio of 17.31, a PEG ratio of 2.24 and a beta of 1.22. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS. As a group, analysts forecast that CSX Co. will post 1.84 EPS 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.