CSX Co. (NASDAQ:CSX) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC reduced its position in CSX Co. (NASDAQ:CSX) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,521 shares of the transportation company’s stock after selling 4,703 shares during the quarter. Highland Capital Management LLC’s holdings in CSX were worth $3,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSX. NewEdge Advisors LLC boosted its holdings in CSX by 33.5% in the second quarter. NewEdge Advisors LLC now owns 105,929 shares of the transportation company’s stock worth $3,543,000 after purchasing an additional 26,610 shares during the period. Advisory Alpha LLC lifted its position in shares of CSX by 11.8% in the 2nd quarter. Advisory Alpha LLC now owns 40,147 shares of the transportation company’s stock worth $1,343,000 after buying an additional 4,223 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of CSX by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 383,749 shares of the transportation company’s stock valued at $12,836,000 after buying an additional 22,081 shares during the period. New Century Financial Group LLC grew its position in shares of CSX by 44.3% during the 2nd quarter. New Century Financial Group LLC now owns 8,811 shares of the transportation company’s stock valued at $295,000 after buying an additional 2,703 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in CSX by 1.0% during the second quarter. Clearbridge Investments LLC now owns 66,709 shares of the transportation company’s stock worth $2,231,000 after acquiring an additional 683 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Up 0.9 %

CSX stock opened at $32.98 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 firm has a market cap of $63.60 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12. The firm’s 50 day moving average price is $33.47 and its two-hundred day moving average price is $33.95.

CSX (NASDAQ:CSX) last posted 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 return on equity of 28.92% and a net margin of 24.77%. On average, research analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CSX. Robert W. Baird lowered their target price on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Loop Capital cut their target price on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada lowered their price target on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen cut their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

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.