CSX Co. (NASDAQ:CSX) Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its holdings in CSX Co. (NASDAQ:CSX) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 339,453 shares of the transportation company’s stock after acquiring an additional 8,394 shares during the quarter. GHP Investment Advisors Inc.’s holdings in CSX were worth $10,954,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CSX. Valley Wealth Managers Inc. boosted its position in shares of CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CSX in the 3rd quarter worth about $31,000. Addison Advisors LLC lifted its holdings in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 812 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in CSX by 43.4% in the 3rd quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 336 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in CSX in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

CSX stock opened at $32.88 on Thursday. The stock has a 50 day moving average of $33.10 and a 200-day moving average of $33.87. CSX Co. has a 52 week low of $31.43 and a 52 week high of $40.12. The stock has a market cap of $63.41 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts expect that CSX Co. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Susquehanna dropped their price objective on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, January 10th. Barclays dropped their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Evercore ISI dropped their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.16.

About CSX

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.