Cwm LLC Sells 254,079 Shares of CSX Co. (NASDAQ:CSX)

Cwm LLC lessened its stake in shares of CSX Co. (NASDAQ:CSX) by 72.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 94,811 shares of the transportation company’s stock after selling 254,079 shares during the period. Cwm LLC’s holdings in CSX were worth $3,287,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CSX. Assenagon Asset Management S.A. boosted its stake in shares of CSX by 416.8% in the third quarter. Assenagon Asset Management S.A. now owns 5,070,296 shares of the transportation company’s stock worth $155,912,000 after acquiring an additional 4,089,150 shares during the period. Lazard Asset Management LLC boosted its stake in shares of CSX by 10.4% in the third quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock worth $897,624,000 after acquiring an additional 2,748,738 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of CSX by 68.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,234,797 shares of the transportation company’s stock worth $160,970,000 after acquiring an additional 2,119,965 shares during the period. Barclays PLC boosted its stake in shares of CSX by 29.0% in the third quarter. Barclays PLC now owns 7,160,597 shares of the transportation company’s stock worth $220,189,000 after acquiring an additional 1,609,942 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of CSX by 43.8% in the third quarter. Adage Capital Partners GP L.L.C. now owns 4,752,117 shares of the transportation company’s stock worth $146,128,000 after acquiring an additional 1,446,685 shares during the period. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSX. BMO Capital Markets upped their price objective on CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Raymond James boosted their target price on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. TD Cowen boosted their target price on CSX from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Jefferies Financial Group decreased their target price on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Finally, Susquehanna boosted their target price on CSX from $42.00 to $44.00 and gave the stock a “positive” rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

CSX Trading Down 3.0 %

Shares of NASDAQ CSX opened at $33.67 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The business’s 50 day moving average price is $36.73 and its 200-day moving average price is $34.45. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The company has a market cap of $65.82 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 2.07 and a beta of 1.18.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a return on equity of 29.58% and a net margin of 24.75%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts expect that CSX Co. will post 1.95 earnings per share for the current year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. This is an increase from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s dividend payout ratio is presently 26.37%.

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.