Community Bank of Raymore Sells 9,730 Shares of CSX Co. (NASDAQ:CSX)

Community Bank of Raymore reduced its position in CSX Co. (NASDAQ:CSX - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,390 shares of the transportation company's stock after selling 9,730 shares during the period. CSX makes up 1.1% of Community Bank of Raymore's investment portfolio, making the stock its 29th largest holding. Community Bank of Raymore's holdings in CSX were worth $1,368,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in CSX during the 2nd quarter worth approximately $26,000. Valley Wealth Managers Inc. boosted its position 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 buying an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in CSX in the 3rd quarter valued at $31,000. Fairscale Capital LLC bought a new position in CSX during the 2nd quarter valued at $32,000. Finally, Addison Advisors LLC lifted its stake in CSX by 348.5% during the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock valued at $36,000 after acquiring an additional 812 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

CSX Stock Performance

Shares of CSX traded down $0.24 during trading hours on Monday, hitting $32.73. The company's stock had a trading volume of 20,683,825 shares, compared to its average volume of 9,942,721. The business has a 50 day simple moving average of $33.82 and a two-hundred day simple moving average of $33.96. 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 current ratio of 1.39 and a quick ratio of 1.23. The company has a market cap of $63.12 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22.

Wall Street Analyst Weigh In

CSX has been the subject of several analyst reports. Citigroup increased their target price on shares of CSX from $42.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Stifel Nicolaus decreased their price objective on shares of CSX from $39.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. TD Cowen cut their target price on CSX from $36.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Susquehanna reduced their target price on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, Loop Capital dropped their price target on CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, CSX has an average rating of "Moderate Buy" and a consensus price target of $38.65.

CSX 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.