JCIC Asset Management Inc. Sells 470 Shares of CSX Co. (NASDAQ:CSX)

JCIC Asset Management Inc. decreased its position in CSX Co. (NASDAQ:CSX) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 118,459 shares of the transportation company’s stock after selling 470 shares during the period. CSX comprises approximately 1.5% of JCIC Asset Management Inc.’s portfolio, making the stock its 23rd largest position. JCIC Asset Management Inc.’s holdings in CSX were worth $3,823,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of CSX during the second quarter worth $26,000. Valley Wealth Managers Inc. increased its holdings in CSX by 177.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CSX in the 3rd quarter valued at about $31,000. Fairscale Capital LLC bought a new stake in shares of CSX in the second quarter valued at about $32,000. Finally, Addison Advisors LLC boosted its position in shares of 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 during the period. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock traded up $0.17 during midday trading on Monday, hitting $31.95. 9,144,812 shares of the company were exchanged, compared to its average volume of 12,822,663. The firm has a market capitalization of $61.61 billion, a P/E ratio of 17.18, a PEG ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The firm’s 50 day moving average price is $34.09 and its two-hundred day moving average price is $34.00.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. As a group, equities research analysts anticipate that CSX Co. will post 1.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on CSX shares. Barclays boosted their target price on CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Citigroup boosted their price objective on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday. BMO Capital Markets cut their price target on shares of CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Evercore ISI decreased their price objective on CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

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.