Patriot Investment Management Group Inc. Has $628,000 Stock Holdings in CSX Co. (NASDAQ:CSX)

Patriot Investment Management Group Inc. lessened its holdings in CSX Co. (NASDAQ:CSX) by 3.2% during the fourth quarter, HoldingsChannel reports. The fund owned 19,475 shares of the transportation company’s stock after selling 636 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in CSX were worth $628,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Perpetual Ltd bought a new stake in CSX during the fourth quarter worth $83,301,000. Assenagon Asset Management S.A. grew its holdings in CSX by 318.5% during 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 purchasing an additional 2,489,329 shares during the period. FMR LLC increased its position in CSX by 10.2% in the third quarter. FMR LLC now owns 15,612,862 shares of the transportation company’s stock worth $539,112,000 after buying an additional 1,447,651 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of CSX by 275.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,854,075 shares of the transportation company’s stock valued at $62,019,000 after buying an additional 1,360,075 shares during the period. Finally, Svenska Handelsbanken AB publ purchased a new position in shares of CSX during the 3rd quarter valued at $31,018,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSX. TD Cowen lowered their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Barclays cut their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday. Loop Capital decreased their price target on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Evercore ISI decreased their target price on CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Stephens cut their price objective on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.22.

CSX Price Performance

Shares of CSX stock opened at $33.67 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The stock’s 50-day simple moving average is $33.62 and its 200-day simple moving average is $33.95. The company has a market capitalization of $64.93 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.06 and a beta of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings data 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%. As a group, analysts expect that CSX Co. will post 1.83 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.