McKinley Carter Wealth Services Inc. Sells 1,150 Shares of CSX Co. (NASDAQ:CSX)

McKinley Carter Wealth Services Inc. cut its holdings in shares of CSX Co. (NASDAQ:CSX) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,214 shares of the transportation company’s stock after selling 1,150 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in CSX were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSX. Avior Wealth Management LLC lifted its stake in CSX by 2.5% in the 3rd quarter. Avior Wealth Management LLC now owns 11,790 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 293 shares during the last quarter. Lake Street Advisors Group LLC increased its position in CSX by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock valued at $595,000 after acquiring an additional 306 shares during the period. Rehmann Capital Advisory Group increased its position in CSX by 1.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 306 shares during the period. J.W. Cole Advisors Inc. increased its position in CSX by 0.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock valued at $1,222,000 after acquiring an additional 309 shares during the period. Finally, Associated Banc Corp increased its position in shares of CSX by 0.6% during the third quarter. Associated Banc Corp now owns 55,534 shares of the transportation company’s stock worth $1,918,000 after buying an additional 310 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX Stock Up 0.9 %

CSX stock opened at $32.98 on Thursday. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The firm’s fifty day moving average price is $33.47 and its two-hundred day moving average price is $33.95. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 24.77% and a return on equity of 28.92%. On average, equities research analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSX shares. Robert W. Baird decreased their price objective on shares of CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $38.00 price objective on shares of CSX in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Stephens reiterated an “overweight” rating and set a $38.00 price objective on shares of CSX in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $37.58.

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.