Wedmont Private Capital Sells 1,251 Shares of CSX Co. (NASDAQ:CSX)

Wedmont Private Capital decreased its position in CSX Co. (NASDAQ:CSX) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,509 shares of the transportation company’s stock after selling 1,251 shares during the quarter. Wedmont Private Capital’s holdings in CSX were worth $493,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of CSX during the second quarter valued at $26,000. Valley Wealth Managers Inc. increased its holdings in 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 buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in CSX in the 3rd quarter worth about $31,000. Fairscale Capital LLC bought a new stake in CSX in the 2nd quarter worth about $32,000. Finally, Addison Advisors LLC increased its holdings in 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 buying an additional 812 shares in the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

NASDAQ:CSX opened at $32.46 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The stock’s 50 day simple moving average is $34.03 and its two-hundred day simple moving average is $33.98. The company has a market cap of $62.60 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.21 and a beta of 1.20.

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

Analyst Ratings Changes

CSX has been the subject of several research analyst reports. Citigroup lifted their price objective on CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets dropped their target price on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Susquehanna dropped their target price on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI lowered their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average 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.