CSX Co. (NASDAQ:CSX) Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. lessened its holdings in CSX Co. (NASDAQ:CSX) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,474 shares of the transportation company’s stock after selling 2,200 shares during the period. Wendell David Associates Inc.’s holdings in CSX were worth $499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wesbanco Bank Inc. grew its holdings in CSX by 4.5% during the 4th quarter. Wesbanco Bank Inc. now owns 62,477 shares of the transportation company’s stock worth $2,016,000 after acquiring an additional 2,672 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in CSX by 69.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,179,081 shares of the transportation company’s stock worth $38,049,000 after purchasing an additional 482,277 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in CSX by 37.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 130,273 shares of the transportation company’s stock valued at $4,204,000 after buying an additional 35,206 shares during the last quarter. West Branch Capital LLC raised its stake in CSX by 3.3% during the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company’s stock valued at $333,000 after buying an additional 332 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of CSX by 1.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company’s stock worth $34,243,000 after acquiring an additional 20,073 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, October 17th. Susquehanna dropped their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Barclays reduced their price objective on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Stephens lowered their target price on CSX from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $38.65.

CSX Stock Performance

Shares of CSX opened at $33.24 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The company’s fifty day moving average price is $33.69 and its 200 day moving average price is $33.95. The company has a market capitalization of $64.10 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22.

CSX Company 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.