Nwam LLC Acquires 429 Shares of CSX Co. (NASDAQ:CSX)

Nwam LLC increased its holdings in CSX Co. (NASDAQ:CSX) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 17,236 shares of the transportation company’s stock after buying an additional 429 shares during the period. Nwam LLC’s holdings in CSX were worth $556,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Valley Wealth Managers Inc. boosted its stake in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after buying an additional 480 shares during the period. Sierra Ocean LLC purchased a new position in CSX during the fourth quarter worth $33,000. Center for Financial Planning Inc. boosted its stake in CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after buying an additional 720 shares during the period. Addison Advisors LLC boosted its stake in CSX by 348.5% during the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in CSX during the fourth quarter worth $39,000. Institutional investors own 73.57% of the company’s stock.

CSX Stock Performance

Shares of CSX stock opened at $32.01 on Friday. The company has a market capitalization of $61.72 billion, a PE ratio of 17.88, a P/E/G ratio of 1.92 and a beta of 1.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The company has a 50-day simple moving average of $32.60 and a two-hundred day simple moving average of $33.70. CSX Co. has a one year low of $31.43 and a one year high of $38.61.

CSX (NASDAQ:CSX) last posted 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 net margin of 23.95% and a return on equity of 28.15%. Research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is 29.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CSX shares. Jefferies Financial Group raised shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, January 10th. Royal Bank of Canada lowered their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Susquehanna lowered 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.