Glenview Trust Co Raises Stock Holdings in CSX Co. (NASDAQ:CSX)

Glenview Trust Co lifted its holdings in shares of CSX Co. (NASDAQ:CSXGet Rating) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,220 shares of the transportation company’s stock after acquiring an additional 12,203 shares during the quarter. Glenview Trust Co’s holdings in CSX were worth $3,309,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CSX. Bornite Capital Management LP purchased a new stake in CSX in the first quarter worth $14,980,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CSX by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,158,544 shares of the transportation company’s stock worth $230,637,000 after acquiring an additional 347,514 shares during the period. Blair William & Co. IL boosted its holdings in shares of CSX by 12.7% in the first quarter. Blair William & Co. IL now owns 122,334 shares of the transportation company’s stock worth $4,581,000 after acquiring an additional 13,829 shares during the period. Sei Investments Co. boosted its holdings in shares of CSX by 4.5% in the first quarter. Sei Investments Co. now owns 195,872 shares of the transportation company’s stock worth $7,361,000 after acquiring an additional 8,488 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of CSX by 16.8% in the first quarter. Cetera Investment Advisers now owns 71,521 shares of the transportation company’s stock worth $2,678,000 after acquiring an additional 10,276 shares during the period. 72.91% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX stock opened at $31.86 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.57 and a current ratio of 1.72. The stock’s 50 day simple moving average is $31.70 and its two-hundred day simple moving average is $30.82. CSX Co. has a fifty-two week low of $25.80 and a fifty-two week high of $38.63. The stock has a market cap of $66.98 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.76 and a beta of 1.24.

Analyst Upgrades and Downgrades

CSX has been the subject of several research analyst reports. Benchmark dropped their price objective on CSX to $32.00 in a research note on Thursday, October 13th. Vertical Research upgraded CSX from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. Susquehanna downgraded CSX from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $29.00 in a report on Wednesday, September 28th. Barclays lifted their price objective on CSX from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, November 29th. Finally, Credit Suisse Group decreased their price objective on CSX from $39.00 to $36.00 in a report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CSX has an average rating of “Hold” and a consensus target price of $34.38.

CSX Company Profile

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

See Also

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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