Woodward Diversified Capital LLC Sells 5,016 Shares of CSX Co. (NASDAQ:CSX)

Woodward Diversified Capital LLC lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 38.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,044 shares of the transportation company’s stock after selling 5,016 shares during the quarter. Woodward Diversified Capital LLC’s holdings in CSX were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CSX. Dynamic Advisor Solutions LLC grew its position in shares of CSX by 6.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 38,246 shares of the transportation company’s stock valued at $1,321,000 after purchasing an additional 2,360 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in CSX by 40.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 16,431 shares of the transportation company’s stock valued at $567,000 after purchasing an additional 4,715 shares during the period. Daymark Wealth Partners LLC grew its holdings in CSX by 1.4% in the 3rd quarter. Daymark Wealth Partners LLC now owns 33,119 shares of the transportation company’s stock valued at $1,144,000 after buying an additional 462 shares in the last quarter. CWM LLC increased its position in CSX by 1.0% during the 3rd quarter. CWM LLC now owns 98,249 shares of the transportation company’s stock worth $3,393,000 after buying an additional 982 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of CSX by 6.9% during the third quarter. Wedmont Private Capital now owns 16,760 shares of the transportation company’s stock worth $564,000 after buying an additional 1,089 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSX. Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, January 10th. Evercore ISI lowered their target price on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note 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 research report on Wednesday, January 8th. Finally, BMO Capital Markets dropped their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Six 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 a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Trading Down 0.5 %

Shares of CSX stock opened at $32.59 on Friday. The firm has a market capitalization of $62.85 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The firm’s 50 day moving average is $33.02 and its 200 day moving average is $33.86. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

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

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.