CSX Corporation (CSX) Downgraded to Hold at Zacks Investment Research

Lloyd Doyle
January 13, 2018

Carnegie Capital Asset Management LLC now owns 282,536 shares of the company's stock worth $7,979,000 after buying an additional 20,966 shares in the last quarter. The institutional investor held 308,054 shares of the consumer services company at the end of 2017Q3, valued at $50.39M, up from 294,554 at the end of the previous reported quarter. Autus Asset Management Llc who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $170.36B market cap company. The stock decreased 0.07% or $0.025 during the last trading session, reaching $38.725. About 30,882 shares traded or 101.02% up from the average. Novelion Therapeutics Inc. (NASDAQ:NVLN) has risen 31.51% since January 12, 2017 and is uptrending. It has outperformed by 64.66% the S&P500.

Permian Investment Partners Lp decreased its stake in Csx Corp (CSX) by 25.27% based on its latest 2017Q3 regulatory filing with the SEC. Blue Ridge Capital Llc sold 965,760 shares as the company's stock rose 3.79% with the market. Permian Investment Partners Lp who had been investing in Csx Corp for a number of months, seems to be less bullish one the $52.45 billion market cap company. The stock increased 0.66% or $1.06 during the last trading session, reaching $160.92. About 1.08M shares traded. CSX Corporation (NYSE:CSX) has risen 97.18% since January 13, 2017 and is uptrending. It has outperformed by 80.48% the S&P500.

Investors sentiment decreased to 0.66 in 2017 Q3. Its down 0.10, from 1.22 in 2017Q2. It turned negative, as 56 investors sold CSX shares while 351 reduced holdings. (NASDAQ:CSX) to post sales of $2.91 billion for the current fiscal quarter, Zacks Investment Research reports.

Decatur Capital Management Inc, which manages about $528.00 million and $521.72 million US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 4,600 shares to 67,207 shares, valued at $10.99M in 2017Q3, according to the filing. Suntrust Banks Inc invested in 316,667 shares or 0.09% of the stock. 3,655 are owned by Country Bancshares. Envestnet Asset Mngmt Inc reported 0% stake. CSX Corporation presently has an average rating of Hold and a consensus price target of $47.44. 18,554 were reported by Lombard Odier Asset Management (Switzerland). Moreover, Beese Fulmer Inv has 0.26% invested in CSX Corporation (NASDAQ:CSX). Boston Private Wealth Ltd Liability holds 0.06% or 27,391 shares. Holt Advisors Limited Liability Corp Dba Holt Prns Lp has invested 0.7% in Texas Pacific Land Trust (NYSE:TPL). Cibc Ww invested in 201,056 shares or 0.1% of the stock.

The company is scheduled to report its next earnings report after the market closes on Tuesday, January 16th. CSX's profit will be $500.49M for 26.40 P/E if the $0.56 EPS becomes a reality. Equities research analysts forecast that CSX Corporation will post $2.00 EPS for the current year. The hedge fund held 250,000 shares of the capital goods company at the end of 2017Q3, valued at $9.32 million, up from 200,000 at the end of the previous reported quarter. It also increased its holding in Praxair Inc (Call) (NYSE:PX) by 114,256 shares in the quarter, for a total of 750,000 shares, and has risen its stake in Heartland Finl Usa Inc (NASDAQ:HTLF). Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the stock. Therefore 65% are positive. Royal Bank Of Canada increased their price objective on CSX Corporation from $42.00 to $65.00 and gave the company an outperform rating in a report on Friday, January 27th. The rating was maintained by Jefferies with "Buy" on Thursday, August 17. After $0.51 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts 9.80% EPS growth. Citigroup maintained the stock with "Buy" rating in Wednesday, October 18 report. The stock has "Sector Outperform" rating by Scotia Capital on Thursday, January 19. On Tuesday, February 23 the stock rating was downgraded by Morgan Stanley to "Underweight". Scotiabank set a $55.00 target price on CSX and gave the company a buy rating in a research note on Friday, December 15th. Parsons Capital Mgmt Incorporated Ri owns 0.45% invested in CSX Corporation (NASDAQ:CSX) for 70,380 shares. The stock has "Buy" rating by RBC Capital Markets on Thursday, September 21.

Cramer Rosenthal Mcglynn Llc increased Associated Banc Corp (NYSE:ASB) stake by 1.41M shares to 3.67 million valued at $89.11M in 2017Q3.

Among 8 analysts covering Trupanion (NYSE:TRUP), 6 have Buy rating, 0 Sell and 2 Hold.

Investors sentiment decreased to 0.99 in Q3 2017. Shares for $856,027 were sold by Fraccaro Michael. 44 funds opened positions while 90 raised stakes. Advisory Services Ltd Llc stated it has 20 shares. Hightower Advsrs Limited Liability Co, a Illinois-based fund reported 600 shares. It also upped Destination Xl Group Inc (NASDAQ:DXLG) stake by 1.04M shares and now owns 4.76M shares. (NASDAQ:HA) for 888,705 shares. Shine Advisory Svcs accumulated 0.07% or 2,470 shares. Hodges Management accumulated 411,790 shares or 1.04% of the stock. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Arrowstreet Partnership has 0.03% invested in Teradyne, Inc. Alps Advsrs holds 1,243 shares or 0% of its portfolio. 2,675 are owned by Old Second Natl Bank Of Aurora. Hendershot Invests invested in 0.14% or 830 shares. Liberty Mutual Gru Asset Management has invested 0.11% in Teradyne, Inc. (NASDAQ:HA). Vanguard Grp holds 0.01% of its portfolio in Hawaiian Holdings, Inc. Planning reported 7,930 shares stake.

Among 14 analysts covering Hawaiian Holdings (NASDAQ:HA), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 73% are positive. Trupanion had 15 analyst reports since July 19, 2016 according to SRatingsIntel. The stock has "Buy" rating by Stifel Nicolaus on Thursday, November 2. The firm earned "Buy" rating on Monday, November 6 by Bank of America. BidaskClub downgraded CSX from a "hold" rating to a "sell" rating in a report on Thursday, November 2nd. The stock has "Buy" rating by KeyBanc Capital Markets on Wednesday, August 30. The firm has "Sell" rating by Stifel Nicolaus given on Tuesday, July 25. The rating was maintained by Cowen & Co on Friday, July 28 with "Hold". The firm has "Overweight" rating by Atlantic Securities given on Wednesday, March 15. The rating was maintained by UBS with "Buy" on Wednesday, November 18.

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