GHP Investment Advisors Inc. Has $11.43 Million Holdings in CSX Co. (NASDAQ:CSX)

GHP Investment Advisors Inc. lifted its position in shares of CSX Co. (NASDAQ:CSX) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,059 shares of the transportation company’s stock after purchasing an additional 5,591 shares during the quarter. GHP Investment Advisors Inc.’s holdings in CSX were worth $11,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in CSX during the 2nd quarter valued at about $26,000. MFA Wealth Advisors LLC purchased a new position in shares of CSX during the second quarter valued at approximately $27,000. Fairscale Capital LLC bought a new stake in CSX during the second quarter worth $32,000. Valued Wealth Advisors LLC raised its position in CSX by 172.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock valued at $35,000 after buying an additional 594 shares during the last quarter. Finally, TFC Financial Management Inc. lifted its stake in CSX by 72.4% during the 2nd quarter. TFC Financial Management Inc. now owns 1,048 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 440 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX traded up $0.17 on Friday, hitting $33.27. The company’s stock had a trading volume of 14,067,075 shares, compared to its average volume of 11,651,126. The company’s 50 day simple moving average is $34.03 and its 200-day simple moving average is $33.87. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The firm has a market cap of $65.04 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Analysts forecast that CSX Co. will post 1.93 EPS for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 29th. CSX’s payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSX. Susquehanna lowered their target price on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on shares of CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. TD Cowen cut their target price on CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Barclays decreased their price target on CSX from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Finally, Citigroup initiated coverage on CSX in a research report on Wednesday, October 9th. They issued a “buy” rating and a $42.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average target price of $38.61.

CSX Company 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.