Fifth Third Wealth Advisors LLC Sells 18,427 Shares of CSX Co. (NASDAQ:CSX)

Fifth Third Wealth Advisors LLC decreased its stake in shares of CSX Co. (NASDAQ:CSX - Free Report) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,288 shares of the transportation company's stock after selling 18,427 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in CSX were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its stake in CSX by 0.6% in the 3rd quarter. State Street Corp now owns 82,250,713 shares of the transportation company's stock valued at $2,840,117,000 after purchasing an additional 455,258 shares during the last quarter. Geode Capital Management LLC raised its stake in CSX by 0.5% in the third quarter. Geode Capital Management LLC now owns 40,906,826 shares of the transportation company's stock valued at $1,407,087,000 after buying an additional 190,346 shares during the period. Fisher Asset Management LLC lifted its position in shares of CSX by 3.6% in the third quarter. Fisher Asset Management LLC now owns 24,656,931 shares of the transportation company's stock valued at $851,404,000 after buying an additional 857,302 shares during the last quarter. FMR LLC boosted its stake in shares of CSX by 10.2% during the 3rd quarter. FMR LLC now owns 15,612,862 shares of the transportation company's stock worth $539,112,000 after acquiring an additional 1,447,651 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CSX by 6.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,745,972 shares of the transportation company's stock worth $440,118,000 after acquiring an additional 737,221 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Price Performance

NASDAQ CSX traded up $0.51 on Thursday, hitting $32.97. 21,672,842 shares of the company's stock were exchanged, compared to its average volume of 14,603,862. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The stock has a 50-day moving average of $33.94 and a 200-day moving average of $33.97. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $63.57 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.93 and a beta of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. Analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Loop Capital reduced their price objective on CSX from $43.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Wells Fargo & Company reduced their price target on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price objective on CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a report on Thursday, October 17th. Citigroup lifted their target price on CSX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus decreased their price target on shares of CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.67.

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.