CSX Co. (NASDAQ:CSX) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc decreased its position in CSX Co. (NASDAQ:CSX - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,701 shares of the transportation company's stock after selling 23,083 shares during the period. AdvisorNet Financial Inc's holdings in CSX were worth $3,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of CSX by 20.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company's stock worth $16,139,000 after purchasing an additional 80,423 shares during the last quarter. Diversified Trust Co raised its stake in shares of CSX by 180.7% during the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock valued at $2,330,000 after buying an additional 46,473 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CSX by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company's stock valued at $116,521,000 after buying an additional 24,430 shares during the period. Principal Financial Group Inc. boosted its stake in shares of CSX by 3.4% in the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company's stock worth $81,095,000 after buying an additional 77,488 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in CSX during the second quarter worth about $867,000. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

CSX has been the subject of a number of analyst reports. Barclays boosted their price target on CSX from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Royal Bank of Canada lowered their price target on shares of CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. Stifel Nicolaus cut their price objective 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. Jefferies Financial Group raised shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 target price on the stock in a research note on Friday. Finally, Evercore ISI cut their price target on CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.67.

CSX Price Performance

CSX stock traded up $0.25 during mid-day trading on Tuesday, reaching $32.14. The company's stock had a trading volume of 12,877,229 shares, compared to its average volume of 13,833,790. The stock has a market cap of $61.98 billion, a PE ratio of 17.28, a P/E/G ratio of 2.21 and a beta of 1.20. The company's 50 day moving average is $34.03 and its two-hundred day moving average is $33.98. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. 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 (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion for 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% on a year-over-year basis. Equities research analysts expect that CSX Co. will post 1.84 EPS for the current year.

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.