CSX Co. (NASDAQ:CSX) Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. decreased its position in shares of CSX Co. (NASDAQ:CSX) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,885 shares of the transportation company’s stock after selling 1,710 shares during the period. Chapin Davis Inc.’s holdings in CSX were worth $2,037,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Signet Investment Advisory Group Inc. raised its holdings in CSX by 5.0% in the second quarter. Signet Investment Advisory Group Inc. now owns 125,338 shares of the transportation company’s stock valued at $4,193,000 after acquiring an additional 5,913 shares in the last quarter. OFI Invest Asset Management raised its holdings in shares of CSX by 3,061.2% in the 2nd quarter. OFI Invest Asset Management now owns 27,376 shares of the transportation company’s stock valued at $854,000 after purchasing an additional 26,510 shares in the last quarter. CFM Wealth Partners LLC lifted its position in shares of CSX by 8.4% during the 2nd quarter. CFM Wealth Partners LLC now owns 19,148 shares of the transportation company’s stock worth $641,000 after purchasing an additional 1,481 shares during the last quarter. Intellectus Partners LLC grew its stake in shares of CSX by 1.1% during the second quarter. Intellectus Partners LLC now owns 31,772 shares of the transportation company’s stock worth $1,063,000 after purchasing an additional 358 shares in the last quarter. Finally, Everpar Advisors LLC increased its holdings in CSX by 30.8% in the second quarter. Everpar Advisors LLC now owns 12,489 shares of the transportation company’s stock valued at $418,000 after buying an additional 2,944 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on CSX shares. Wells Fargo & Company started coverage on CSX in a research report on Friday, June 7th. They set an “equal weight” rating and a $35.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price objective on shares of CSX in a report on Tuesday, August 6th. BMO Capital Markets restated an “outperform” rating and issued a $40.00 target price on shares of CSX in a report on Tuesday, August 6th. Evercore ISI upgraded shares of CSX to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Sanford C. Bernstein upped their price objective on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

CSX Trading Down 0.6 %

Shares of CSX traded down $0.21 on Friday, hitting $33.42. 9,870,518 shares of the stock traded hands, compared to its average volume of 11,812,768. CSX Co. has a 1 year low of $29.03 and a 1 year high of $40.12. The stock’s 50 day moving average is $33.63 and its two-hundred day moving average is $34.95. The firm has a market capitalization of $65.33 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

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

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors 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 annualized dividend and a yield of 1.44%. CSX’s dividend payout ratio is currently 26.37%.

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.