First Hawaiian Bank Has $1.03 Million Stock Position in CSX Co. (NASDAQ:CSX)

First Hawaiian Bank lessened its holdings in shares of CSX Co. (NASDAQ:CSX) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,911 shares of the transportation company’s stock after selling 6,353 shares during the quarter. First Hawaiian Bank’s holdings in CSX were worth $1,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after acquiring an additional 80,423 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after purchasing an additional 46,473 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CSX by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock valued at $116,521,000 after purchasing an additional 24,430 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of CSX by 3.4% during the third quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after buying an additional 77,488 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new position in shares of CSX during the second quarter worth about $867,000. 73.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. BMO Capital Markets reduced their price target on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Loop Capital reduced their target price on shares of CSX from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 17th. TD Cowen lowered their price target on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Evercore ISI reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna decreased their price objective on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $38.72.

CSX Stock Up 0.0 %

CSX stock opened at $32.20 on Friday. The company’s 50-day moving average price is $34.12 and its two-hundred day moving average price is $33.99. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock has a market cap of $62.10 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 1.22. CSX Co. has a twelve month low of $31.43 and a twelve month high of $40.12.

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, analysts expect that CSX Co. will post 1.84 EPS for the current year.

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.