Gilbert & Cook Inc. Sells 1,571 Shares of CSX Co. (NASDAQ:CSX)

Gilbert & Cook Inc. lowered its stake in CSX Co. (NASDAQ:CSX) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,349 shares of the transportation company’s stock after selling 1,571 shares during the period. Gilbert & Cook Inc.’s holdings in CSX were worth $580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSX. Natixis Advisors L.P. lifted its stake in shares of CSX by 11.0% in the fourth quarter. Natixis Advisors L.P. now owns 784,680 shares of the transportation company’s stock worth $27,204,000 after buying an additional 77,461 shares in the last quarter. Summit Global Investments lifted its position in CSX by 69.4% in the 4th quarter. Summit Global Investments now owns 16,253 shares of the transportation company’s stock valued at $563,000 after acquiring an additional 6,658 shares in the last quarter. 9258 Wealth Management LLC boosted its stake in CSX by 8.0% during the 4th quarter. 9258 Wealth Management LLC now owns 12,184 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 900 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of CSX by 9.2% in the 4th quarter. Merit Financial Group LLC now owns 14,771 shares of the transportation company’s stock worth $512,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of CSX in the fourth quarter worth $1,226,000. Institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.0 %

CSX stock traded up $0.33 during mid-day trading on Monday, reaching $34.27. 9,050,300 shares of the stock traded hands, compared to its average volume of 11,624,634. The business has a 50-day moving average price of $33.80 and a two-hundred day moving average price of $34.73. The stock has a market capitalization of $67.00 billion, a PE ratio of 18.83, a PEG ratio of 1.82 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.01 and a current ratio of 1.16. CSX Co. has a one year low of $29.03 and a one year high of $40.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.70 billion. CSX had a net margin of 24.52% and a return on equity of 29.11%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. Equities research analysts expect that CSX Co. will post 1.94 EPS 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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, August 30th. CSX’s dividend payout ratio is presently 26.37%.

Wall Street Analysts Forecast Growth

CSX has been the topic of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of CSX in a research report on Tuesday, August 6th. Sanford C. Bernstein raised their price target on shares of CSX from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Bank of America cut shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Monday, July 8th. Evercore ISI upgraded shares of CSX to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 target price on shares of CSX in a research report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

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.