Community Bank of Raymore Has $1.37 Million Stock Position in CSX Co. (NASDAQ:CSX)

Community Bank of Raymore lessened its stake in CSX Co. (NASDAQ:CSX) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,390 shares of the transportation company’s stock after selling 9,730 shares during the quarter. CSX makes up 1.1% of Community Bank of Raymore’s holdings, making the stock its 29th biggest position. Community Bank of Raymore’s holdings in CSX were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. M.E. Allison & CO. Inc. bought a new position in CSX during the fourth quarter worth about $218,000. Willner & Heller LLC lifted its position in shares of CSX by 4.2% in the fourth quarter. Willner & Heller LLC now owns 8,689 shares of the transportation company’s stock valued at $280,000 after buying an additional 350 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in shares of CSX by 2.2% during the 4th quarter. Diversify Wealth Management LLC now owns 19,423 shares of the transportation company’s stock worth $617,000 after acquiring an additional 424 shares during the period. My Legacy Advisors LLC increased its holdings in shares of CSX by 13.0% during the 4th quarter. My Legacy Advisors LLC now owns 17,108 shares of the transportation company’s stock worth $555,000 after acquiring an additional 1,963 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its stake in CSX by 4.7% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 16,885 shares of the transportation company’s stock valued at $543,000 after acquiring an additional 765 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Stock Down 0.7 %

Shares of CSX stock opened at $32.73 on Monday. The stock’s 50-day moving average is $33.82 and its 200 day moving average is $33.96. CSX Co. has a one year low of $31.43 and a one year high of $40.12. The firm has a market cap of $63.12 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of research analyst reports. TD Cowen reduced their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Susquehanna lowered their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Royal Bank of Canada lowered their target price on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Finally, Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.65.

CSX 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.