CSX Co. (NASDAQ:CSX) Shares Sold by Harbor Group Inc.

Harbor Group Inc. decreased its holdings in CSX Co. (NASDAQ:CSX) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,558 shares of the transportation company’s stock after selling 3,618 shares during the period. Harbor Group Inc.’s holdings in CSX were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CSX. Valley Wealth Managers Inc. increased its stake in shares of CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX in the 2nd quarter valued at $26,000. Fairscale Capital LLC purchased a new stake in shares of CSX during the 2nd quarter worth $32,000. Morton Brown Family Wealth LLC purchased a new position in CSX in the third quarter valued at $31,000. Finally, Addison Advisors LLC increased its holdings in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CSX. Stephens lowered their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company lowered their price target on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Citigroup boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI reduced their target price on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.71.

CSX Stock Performance

NASDAQ:CSX opened at $32.97 on Friday. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12. The company has a market capitalization of $63.57 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $33.94 and a two-hundred day moving average price of $33.97.

CSX (NASDAQ:CSX) last posted its earnings results 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). The company 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%. CSX’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. As a group, research analysts expect that CSX Co. will post 1.83 earnings per share 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.