GHP Investment Advisors Inc. Boosts Stock Position in CSX Co. (NASDAQ:CSX)

GHP Investment Advisors Inc. grew its holdings in CSX Co. (NASDAQ:CSX) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,617 shares of the transportation company’s stock after buying an additional 663 shares during the quarter. CSX accounts for 0.9% of GHP Investment Advisors Inc.’s investment portfolio, making the stock its 27th largest position. GHP Investment Advisors Inc.’s holdings in CSX were worth $7,166,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CSX. Kavar Capital Partners LLC purchased a new stake in shares of CSX during the second quarter worth approximately $35,000. FNY Investment Advisers LLC purchased a new stake in shares of CSX during the second quarter worth approximately $36,000. IMA Wealth Inc. purchased a new stake in shares of CSX during the first quarter worth approximately $35,000. Destination Wealth Management purchased a new stake in shares of CSX during the first quarter worth approximately $36,000. Finally, Field & Main Bank purchased a new stake in shares of CSX during the first quarter worth approximately $41,000. Institutional investors and hedge funds own 76.74% of the company’s stock.

In other news, EVP Nathan D. Goldman sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the transaction, the executive vice president now owns 79,697 shares of the company’s stock, valued at approximately $6,335,911.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.83% of the company’s stock.

Shares of CSX stock traded up $0.68 during trading hours on Friday, hitting $65.09. The company’s stock had a trading volume of 3,793,100 shares, compared to its average volume of 6,301,056. CSX Co. has a twelve month low of $58.47 and a twelve month high of $80.73. The firm has a fifty day moving average of $71.88 and a 200-day moving average of $74.26. The stock has a market cap of $51.55 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.44 and a current ratio of 1.55.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.03). CSX had a net margin of 27.87% and a return on equity of 26.96%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the company earned $1.01 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that CSX Co. will post 4.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, August 29th. CSX’s dividend payout ratio (DPR) is presently 25.00%.

CSX has been the subject of several research reports. Zacks Investment Research cut CSX from a “hold” rating to a “sell” rating and set a $83.00 price target for the company. in a research report on Monday, July 8th. Credit Suisse Group dropped their price target on CSX from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. BidaskClub cut CSX from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 27th. Cowen restated a “market perform” rating and issued a $78.00 target price (down from $80.00) on shares of CSX in a report on Wednesday, July 17th. Finally, Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their target price for the company from $85.00 to $81.00 in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. CSX has an average rating of “Hold” and a consensus target price of $78.13.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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