Pacer Advisors Inc. lowered its stake in CSX Co. (NASDAQ:CSX - Free Report) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,777 shares of the transportation company's stock after selling 56,363 shares during the period. Pacer Advisors Inc.'s holdings in CSX were worth $9,674,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CSX. Dark Forest Capital Management LP acquired a new stake in CSX in the 2nd quarter valued at approximately $221,000. Creative Planning raised its stake in CSX by 27.5% during the 2nd quarter. Creative Planning now owns 621,083 shares of the transportation company's stock valued at $20,775,000 after purchasing an additional 134,104 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in CSX by 33.5% in the 2nd quarter. NewEdge Advisors LLC now owns 105,929 shares of the transportation company's stock valued at $3,543,000 after purchasing an additional 26,610 shares during the period. Kimelman & Baird LLC acquired a new stake in CSX in the 2nd quarter worth $271,000. Finally, IMS Capital Management increased its holdings in shares of CSX by 11.4% during the 2nd quarter. IMS Capital Management now owns 11,201 shares of the transportation company's stock worth $376,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 73.57% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Robert W. Baird decreased their price target 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. Raymond James reissued 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. Stephens restated an "overweight" rating and set a $38.00 price target on shares of CSX in a research note on Friday, January 24th. Royal Bank of Canada decreased their price objective on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their target price on CSX from $40.00 to $38.00 and set an "overweight" 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 issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.58.
View Our Latest Analysis on CSX
CSX Stock Up 0.9 %
Shares of CSX stock traded up $0.30 during trading hours on Wednesday, hitting $32.98. 16,392,407 shares of the company were exchanged, compared to its average volume of 15,755,579. The company has a market capitalization of $63.60 billion, a PE ratio of 17.73, a PEG ratio of 2.06 and a beta of 1.22. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The business has a 50 day moving average of $33.47 and a two-hundred day moving average of $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.
CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. Analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.
CSX Company Profile
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Free Report)
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.
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