Raleigh Capital Management Inc. Decreases Stock Holdings in CSX Co. (NASDAQ:CSX)

Raleigh Capital Management Inc. lowered its position in shares of CSX Co. (NASDAQ:CSX) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,315 shares of the transportation company’s stock after selling 625 shares during the period. Raleigh Capital Management Inc.’s holdings in CSX were worth $365,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted 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 during the period. Morton Brown Family Wealth LLC bought a new position in CSX in the third quarter worth about $31,000. Addison Advisors LLC lifted 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 worth $36,000 after buying an additional 812 shares during the period. Fortitude Family Office LLC boosted its position in CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of CSX by 33.7% during 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 own 73.57% of the company’s stock.

CSX Price Performance

CSX opened at $33.24 on Thursday. The company’s 50-day simple moving average is $33.62 and its two-hundred day simple moving average is $33.95. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The stock has a market capitalization of $64.10 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.05 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their target price on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Citigroup raised their price objective on CSX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus reduced their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Evercore ISI lowered their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna cut their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average price target of $38.65.

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.