CSX Co. (NASDAQ:CSX) Shares Sold by Mount Vernon Associates Inc. MD

Mount Vernon Associates Inc. MD lessened its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,000 shares of the transportation company's stock after selling 25,652 shares during the quarter. CSX accounts for 2.5% of Mount Vernon Associates Inc. MD's portfolio, making the stock its 12th largest position. Mount Vernon Associates Inc. MD's holdings in CSX were worth $3,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CSX. Avior Wealth Management LLC increased its stake in shares of CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company's stock worth $407,000 after acquiring an additional 293 shares during the last quarter. Lake Street Advisors Group LLC increased its position in CSX by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company's stock worth $595,000 after purchasing an additional 306 shares during the last quarter. Rehmann Capital Advisory Group increased its position in CSX by 1.3% during the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock worth $830,000 after purchasing an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in CSX by 0.9% during the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company's stock worth $1,222,000 after purchasing an additional 309 shares during the period. Finally, Associated Banc Corp boosted its holdings in CSX by 0.6% in the 3rd quarter. Associated Banc Corp now owns 55,534 shares of the transportation company's stock valued at $1,918,000 after purchasing an additional 310 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on CSX shares. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on CSX from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 17th. Susquehanna lowered their price target on CSX from $40.00 to $39.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Loop Capital reduced their price objective on shares of CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Finally, Barclays increased their target price on shares of CSX from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.67.

CSX Stock Up 1.0 %

NASDAQ CSX traded up $0.32 on Wednesday, hitting $32.46. 13,671,366 shares of the stock were exchanged, compared to its average volume of 13,781,112. CSX Co. has a fifty-two week low of $31.43 and a fifty-two week high of $40.12. The company has a 50-day moving average price of $34.03 and a 200-day moving average price of $33.98. 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 company has a market cap of $62.60 billion, a PE ratio of 17.45, a PEG ratio of 2.21 and a beta of 1.20.

CSX (NASDAQ:CSX - Get Free Report) last posted its 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). The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations 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 company earned $0.42 EPS. Sell-side analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal 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.