New Century Financial Group LLC Sells 1,086 Shares of CSX Co. (NASDAQ:CSX)

New Century Financial Group LLC decreased its stake in shares of CSX Co. (NASDAQ:CSX) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,665 shares of the transportation company’s stock after selling 1,086 shares during the quarter. New Century Financial Group LLC’s holdings in CSX were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Valley Wealth Managers Inc. boosted its holdings in shares of CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX in the third quarter worth about $31,000. Addison Advisors LLC boosted its stake in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares during the last quarter. Fortitude Family Office LLC grew its holdings in CSX by 43.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after buying an additional 336 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. increased its stake in CSX by 33.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock worth $43,000 after acquiring an additional 316 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their target price on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday. Evercore ISI dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Loop Capital reduced their target price 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. TD Cowen lowered their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reduced their price objective on CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.68.

CSX Price Performance

CSX stock opened at $32.69 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23. The stock has a market cap of $63.04 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The firm has a 50-day moving average of $33.58 and a two-hundred day moving average of $33.95. CSX Co. has a 1 year low of $31.43 and a 1 year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, research analysts forecast that CSX Co. will post 1.83 earnings per share for the current 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.