Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 426 Shares of CSX Co. (NASDAQ:CSX)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in CSX Co. (NASDAQ:CSX) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,200 shares of the transportation company’s stock after selling 426 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in CSX were worth $555,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in CSX by 2.5% in the third quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after acquiring an additional 293 shares during the last quarter. Lake Street Advisors Group LLC grew its position in CSX by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after acquiring an additional 306 shares during the last quarter. Rehmann Capital Advisory Group grew its position in CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 306 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after acquiring an additional 309 shares during the last quarter. Finally, Associated Banc Corp grew its position in CSX by 0.6% in the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CSX shares. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of CSX in a research report on Monday. BMO Capital Markets decreased their target price on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Susquehanna reduced their price target on CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group upgraded CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, January 10th. Finally, Citigroup reduced their price target on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.58.

CSX Price Performance

Shares of CSX opened at $32.68 on Wednesday. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. 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 business’s 50 day moving average price is $33.51 and its two-hundred day moving average price is $33.96. The firm has a market cap of $63.02 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX 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.