CSX Co. (NASDAQ:CSX) Shares Sold by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC lessened its stake in CSX Co. (NASDAQ:CSX - Free Report) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,156 shares of the transportation company's stock after selling 8,608 shares during the quarter. Proquility Private Wealth Partners LLC's holdings in CSX were worth $2,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Valley Wealth Managers Inc. grew its holdings in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company's stock worth $26,000 after acquiring an additional 480 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the 3rd quarter worth approximately $31,000. Addison Advisors LLC grew its holdings in shares of CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company's stock worth $36,000 after acquiring an additional 812 shares during the period. Fortitude Family Office LLC grew its holdings in shares of CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company's stock worth $38,000 after acquiring an additional 336 shares during the period. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of CSX by 33.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company's stock worth $43,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

Analysts Set New Price Targets

CSX has been the topic of a number of recent research reports. Citigroup upped their target price on CSX from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Royal Bank of Canada reduced their target price on CSX from $36.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 17th. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. TD Cowen reduced their target price on CSX from $36.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, October 17th. Finally, Loop Capital reduced their price target on CSX from $43.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, CSX currently has an average rating of "Moderate Buy" and an average target price of $38.65.

CSX Stock Up 0.4 %

CSX stock traded up $0.13 during trading on Wednesday, reaching $33.40. 7,042,988 shares of the company's stock were exchanged, compared to its average volume of 14,064,855. The company's 50-day moving average is $33.69 and its two-hundred day moving average is $33.95. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The firm has a market cap of $64.40 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.02 and a beta of 1.22.

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.