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

Yousif Capital Management LLC reduced its stake in CSX Co. (NASDAQ:CSX) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 302,512 shares of the transportation company’s stock after selling 9,639 shares during the quarter. Yousif Capital Management LLC’s holdings in CSX were worth $9,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSX. Perpetual Ltd acquired a new stake in shares of CSX during the fourth quarter worth about $83,301,000. Assenagon Asset Management S.A. raised its stake in shares of CSX by 318.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,270,966 shares of the transportation company’s stock valued at $112,946,000 after acquiring an additional 2,489,329 shares in the last quarter. FMR LLC boosted its holdings in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock valued at $539,112,000 after purchasing an additional 1,447,651 shares during the period. KBC Group NV raised its holdings in CSX by 616.4% in the fourth quarter. KBC Group NV now owns 1,114,542 shares of the transportation company’s stock valued at $35,966,000 after acquiring an additional 958,957 shares in the last quarter. Finally, Svenska Handelsbanken AB publ purchased a new position in CSX in the third quarter worth approximately $31,018,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSX shares. Barclays decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company dropped their price objective on CSX from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. TD Cowen decreased their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Finally, Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Price Performance

Shares of NASDAQ:CSX opened at $32.88 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business’s fifty day moving average price is $33.17 and its two-hundred day moving average price is $33.87. The stock has a market cap of $63.41 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. CSX Co. has a one year low of $31.43 and a one year high of $40.12.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, analysts forecast that CSX Co. will post 1.88 EPS for the current fiscal 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.