Geneos Wealth Management Inc. Has $5.08 Million Stock Holdings in CSX Corporation (NASDAQ:CSX)

Key Points

• Geneos Wealth Management Inc. increased its holdings in CSX Corporation by 140.2%, acquiring an additional 100,834 shares, bringing its total to 172,742 shares valued at approximately $5.08 million.
• Several analysts have recently adjusted their ratings and price targets for CSX, with a consensus rating of "Moderate Buy" and a price target of $37.00.
• CSX announced a quarterly dividend of $0.13 per share, yielding 1.47%, with the payout date set for September 15th for shareholders of record as of August 29th.

Geneos Wealth Management Inc. increased its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 140.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,742 shares of the transportation company's stock after purchasing an additional 100,834 shares during the period. Geneos Wealth Management Inc.'s holdings in CSX were worth $5,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company's stock worth $525,000 after acquiring an additional 849 shares in the last quarter. Level Four Advisory Services LLC increased its position in CSX by 17.0% during the 4th quarter. Level Four Advisory Services LLC now owns 9,990 shares of the transportation company's stock worth $322,000 after purchasing an additional 1,449 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in CSX by 7.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 154,844 shares of the transportation company's stock worth $4,986,000 after acquiring an additional 10,903 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of CSX by 2.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 313,713 shares of the transportation company's stock valued at $10,124,000 after acquiring an additional 8,294 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after buying an additional 15,029 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSX has been the topic of several research reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of CSX in a research report on Thursday, July 24th. Robert W. Baird increased their price target on CSX from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Bank of America upgraded CSX from a "neutral" rating to a "buy" rating and raised their target price for the company from $34.00 to $42.00 in a research report on Thursday, July 17th. Evercore ISI dropped their price objective on CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Stifel Nicolaus cut their price objective on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

CSX Stock Performance

NASDAQ:CSX traded down $0.53 during midday trading on Friday, reaching $35.01. The stock had a trading volume of 19,265,718 shares, compared to its average volume of 20,105,130. The stock has a market capitalization of $65.27 billion, a P/E ratio of 21.61, a PEG ratio of 2.66 and a beta of 1.25. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The firm's fifty day simple moving average is $33.05 and its 200-day simple moving average is $31.36.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. CSX had a return on equity of 25.48% and a net margin of 21.92%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. CSX's payout ratio is 32.10%.

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.