First United Bank & Trust Sells 1,280 Shares of CSX Co. (NASDAQ:CSX)

First United Bank & Trust reduced its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,995 shares of the transportation company’s stock after selling 1,280 shares during the quarter. First United Bank & Trust’s holdings in CSX were worth $2,226,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSX. Valley Wealth Managers Inc. grew its holdings in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of CSX in the second quarter valued at about $26,000. Fairscale Capital LLC bought a new position in shares of CSX during the second quarter worth approximately $32,000. Morton Brown Family Wealth LLC acquired a new position in CSX in the 3rd quarter valued at $31,000. Finally, Addison Advisors LLC grew 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 worth $36,000 after buying an additional 812 shares in the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group raised CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, January 10th. Barclays decreased their target price on CSX from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday. Citigroup increased their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus decreased their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.65.

CSX Trading Down 0.7 %

Shares of CSX stock opened at $32.73 on Tuesday. The stock has a 50-day moving average of $33.82 and a 200-day moving average of $33.96. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The stock has a market cap of $63.12 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.02 and a beta of 1.22. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

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.