CWA Asset Management Group LLC Has $351,000 Stake in CSX Co. (NASDAQ:CSX)

CWA Asset Management Group LLC cut its position in shares of CSX Co. (NASDAQ:CSX) by 24.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,872 shares of the transportation company’s stock after selling 3,585 shares during the quarter. CWA Asset Management Group LLC’s holdings in CSX were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CSX. Itau Unibanco Holding S.A. bought a new position in shares of CSX in the 2nd quarter worth about $26,000. Valley Wealth Managers Inc. increased its holdings in CSX by 177.8% in the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in CSX in the third quarter valued at approximately $31,000. Fairscale Capital LLC bought a new position in shares of CSX during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of CSX during the 2nd quarter worth approximately $33,000. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 0.0 %

Shares of CSX stock opened at $32.20 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. The company has a market capitalization of $62.10 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.24 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 company has a 50-day simple moving average of $34.15 and a two-hundred day simple moving average of $34.00.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (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 the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Research analysts anticipate that CSX Co. will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSX. Royal Bank of Canada cut their target price on shares of 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 cut their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus dropped their price target on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company reduced their price objective 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. Finally, TD Cowen lowered their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $38.78.

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.