Carroll Financial Associates Inc. Has $1.77 Million Stock Position in CSX Co. (NASDAQ:CSX)

Carroll Financial Associates Inc. reduced its position in shares of CSX Co. (NASDAQ:CSX) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,430 shares of the transportation company’s stock after selling 707 shares during the period. Carroll Financial Associates Inc.’s holdings in CSX were worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in CSX by 88.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 426 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Evoke Wealth LLC bought a new position in CSX during the 3rd quarter valued at $32,000. Princeton Global Asset Management LLC bought a new position in CSX during the 3rd quarter valued at $35,000. Stonebridge Capital Advisors LLC acquired a new position in CSX during the 2nd quarter worth $40,000. Finally, Asset Dedication LLC acquired a new position in CSX during the 3rd quarter worth $42,000. Institutional investors own 76.13% of the company’s stock.

NASDAQ CSX traded up $1.56 during trading on Thursday, reaching $76.55. The company’s stock had a trading volume of 53,308 shares, compared to its average volume of 3,088,309. The company has a current ratio of 1.41, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $72.43 and a 200-day moving average price of $70.75. The stock has a market capitalization of $58.41 billion, a PE ratio of 19.97, a PEG ratio of 1.38 and a beta of 1.21. CSX Co. has a 1-year low of $63.14 and a 1-year high of $80.73.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.98 billion. CSX had a return on equity of 27.67% and a net margin of 27.91%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. As a group, analysts expect that CSX Co. will post 4.16 earnings per share for the current year.

In other news, Director Steven T. Halverson sold 39,812 shares of CSX stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $71.65, for a total transaction of $2,852,529.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.83% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on CSX shares. Cowen increased their price objective on shares of CSX from $77.00 to $78.00 and gave the stock a “market perform” rating in a research note on Thursday, October 17th. Bank of America decreased their target price on shares of CSX from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. TD Securities raised their price target on shares of CSX from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered CSX from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $83.00 to $76.00 in a research report on Friday, October 4th. They noted that the move was a valuation call. Finally, Morgan Stanley dropped their target price on CSX from $55.00 to $52.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. CSX currently has an average rating of “Hold” and a consensus target price of $78.00.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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