Forsta AP Fonden Sells 38,700 Shares of CSX Co. (NASDAQ:CSX)

Forsta AP Fonden trimmed its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 379,000 shares of the transportation company's stock after selling 38,700 shares during the quarter. Forsta AP Fonden's holdings in CSX were worth $12,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CSX by 20.8% in 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 acquiring an additional 80,423 shares during the last quarter. Diversified Trust Co raised its position in CSX by 180.7% in the 4th quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock worth $2,330,000 after purchasing an additional 46,473 shares during the last quarter. Marshall Financial Group LLC acquired a new position in CSX during the 4th quarter worth $1,084,000. Thrivent Financial for Lutherans boosted its position in 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 last quarter. Finally, Carnegie Investment Counsel increased its stake in shares of CSX by 1.4% in the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after buying an additional 8,474 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on CSX from $39.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Raymond James reaffirmed an "outperform" rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Evercore ISI dropped their price target on shares of CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Robert W. Baird reduced their price objective on shares of CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on shares of CSX from $36.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.58.

CSX Stock Up 0.2 %

CSX stock traded up $0.06 during trading hours on Thursday, reaching $33.04. 3,147,766 shares of the stock were exchanged, compared to its average volume of 15,083,667. The company has a market cap of $63.71 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.06 and a beta of 1.22. The firm's 50-day moving average is $33.44 and its 200-day moving average is $33.94. CSX Co. has a 12 month low of $31.43 and a 12 month 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.

CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, equities research analysts expect that CSX Co. will post 1.83 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.