CSX Co. (NASDAQ:CSX) Stock Holdings Lessened by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 94.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,439 shares of the transportation company's stock after selling 157,574 shares during the period. International Assets Investment Management LLC's holdings in CSX were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CSX. American Century Companies Inc. increased its position in CSX by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 1,716,548 shares of the transportation company's stock worth $57,419,000 after purchasing an additional 214,966 shares in the last quarter. Zions Bancorporation N.A. boosted its position in CSX by 4.8% during the second quarter. Zions Bancorporation N.A. now owns 6,985 shares of the transportation company's stock worth $234,000 after acquiring an additional 322 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in CSX by 109.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 25,946 shares of the transportation company's stock worth $867,000 after acquiring an additional 13,560 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in CSX by 87.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 229,805 shares of the transportation company's stock valued at $7,687,000 after acquiring an additional 106,953 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of CSX by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,603,301 shares of the transportation company's stock worth $87,080,000 after purchasing an additional 59,033 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Down 0.3 %

Shares of CSX stock traded down $0.11 during trading hours on Monday, hitting $31.67. 943,708 shares of the company's stock traded hands, compared to its average volume of 11,731,225. The company has a market cap of $61.07 billion, a PE ratio of 17.03, a PEG ratio of 2.24 and a beta of 1.22. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock has a 50 day simple moving average of $34.09 and a 200-day simple moving average of $34.00.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. Equities research analysts anticipate that CSX Co. will post 1.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CSX has been the subject of several analyst reports. Wells Fargo & Company dropped their target price 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. Barclays increased their price objective on shares of CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Loop Capital lowered their target price on shares of CSX from $43.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 17th. 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 report on Thursday, October 17th. Finally, Jefferies Financial Group upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $37.00 price target on the stock in a report on Friday. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.