CSX Co. (NASDAQ:CSX) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,205 shares of the transportation company’s stock after selling 480 shares during the period. GPS Wealth Strategies Group LLC’s holdings in CSX were worth $208,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ascent Group LLC lifted its position in shares of CSX by 559.7% during the 1st quarter. Ascent Group LLC now owns 58,779 shares of the transportation company’s stock valued at $2,179,000 after acquiring an additional 49,869 shares during the period. PFG Advisors boosted its position in CSX by 2.1% during the first quarter. PFG Advisors now owns 18,880 shares of the transportation company’s stock worth $700,000 after purchasing an additional 387 shares in the last quarter. Partners Group Holding AG boosted its position in CSX by 26.8% during the fourth quarter. Partners Group Holding AG now owns 704,544 shares of the transportation company’s stock worth $24,427,000 after purchasing an additional 149,105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CSX by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after purchasing an additional 34,730 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of CSX by 718.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 287,062 shares of the transportation company’s stock valued at $9,952,000 after buying an additional 252,006 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Sanford C. Bernstein lifted their price objective on CSX from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of CSX in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price objective on shares of CSX in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

CSX Stock Up 0.8 %

NASDAQ CSX traded up $0.26 on Thursday, hitting $33.62. 3,315,727 shares of the stock traded hands, compared to its average volume of 11,767,541. The stock has a 50-day moving average of $33.60 and a 200 day moving average of $34.98. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The company has a market capitalization of $65.72 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last released its earnings results on Monday, August 5th. The transportation company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts expect that CSX Co. will post 1.94 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. CSX’s dividend payout ratio is currently 26.37%.

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.