CSX Corp (NYSE:CSX) Institutional Investor Positioning Change

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Sentiment for CSX Corp (NYSE:CSX)

CSX Corp (NYSE:CSX) institutional sentiment increased to 0.97 in Q2 2019. Its up 0.13, from 0.84 in 2019Q1. The ratio is positive, as 346 investment professionals started new or increased positions, while 357 decreased and sold holdings in CSX Corp. The investment professionals in our partner’s database reported: 550.04 million shares, down from 558.76 million shares in 2019Q1. Also, the number of investment professionals holding CSX Corp in their top 10 positions decreased from 23 to 19 for a decrease of 4. Sold All: 37 Reduced: 320 Increased: 245 New Position: 101.

CSX Corporation, together with its subsidiaries, provides rail transportation services in the United States and Canada. The company has market cap of $57.84 billion. The firm offers rail services, as well as transports intermodal containers and trailers. It has a 17.45 P/E ratio. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

The stock increased 1.29% or $0.92 during the last trading session, reaching $72.47. About 4.07M shares traded. CSX Corporation (NYSE:CSX) has risen 0.16% since September 13, 2018 and is uptrending. It has outperformed by 0.16% the S&P500.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 15. They expect $1.01 earnings per share, down 3.81 % or $0.04 from last year’s $1.05 per share. CSX’s profit will be $806.16 million for 17.94 P/E if the $1.01 EPS becomes a reality. After $1.08 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts -6.48 % negative EPS growth.

Alleghany Corp De holds 11.83% of its portfolio in CSX Corporation for 2.94 million shares. Community Bank Of Raymore owns 328,553 shares or 9.34% of their US portfolio. Moreover, Edgepoint Investment Group Inc. has 8.27% invested in the company for 10.70 million shares. The Oklahoma-based Gibraltar Capital Management Inc. has invested 7.29% in the stock. Stevens First Principles Investment Advisors, a California-based fund reported 142,895 shares.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Ratings analysis reveals 50% of CSX’s analysts are positive. Out of 8 Wall Street analysts rating CSX, 4 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $57 while the high is $93. The stock’s average target of $81 is 11.77% above today’s ($72.47) share price. CSX was included in 16 notes of analysts from April 3, 2019. The firm earned “Outperform” rating on Wednesday, July 17 by Raymond James. The firm has “Buy” rating given on Wednesday, June 12 by Deutsche Bank. The firm has “Buy” rating by Citigroup given on Thursday, April 4. As per Wednesday, April 17, the company rating was maintained by Credit Suisse. UBS downgraded it to “Neutral” rating and $80 target in Friday, April 5 report. The firm has “Market Perform” rating given on Wednesday, April 17 by BMO Capital Markets. The stock of CSX Corporation (NASDAQ:CSX) has “Underweight” rating given on Wednesday, April 17 by Morgan Stanley. The firm earned “Outperform” rating on Wednesday, April 17 by Raymond James.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Nasdaq.com which released: “CSX Corporation (CSX) Ex-Dividend Date Scheduled for May 30, 2019 – Nasdaq” on May 29, 2019, also Nasdaq.com with their article: “After Hours Most Active for Sep 4, 2019 : CSX, INTC, MBB, LX, QQQ, GILD – Nasdaq” published on September 04, 2019, Finance.Yahoo.com published: “Introducing CSX (NASDAQ:CSX), The Stock That Zoomed 190% In The Last Three Years – Yahoo Finance” on May 01, 2019. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Nasdaq.com and their article: “CSX Announces Second Quarter 2019 Financial Results – Nasdaq” published on July 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Union Pacific Stock a Buy? – Yahoo Finance” with publication date: August 18, 2019.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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