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

Nwam LLC grew its stake in CSX Co. (NASDAQ:CSX) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,236 shares of the transportation company’s stock after purchasing an additional 429 shares during the quarter. Nwam LLC’s holdings in CSX were worth $556,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Heritage Investors Management Corp raised its holdings in CSX by 1.7% in the 4th quarter. Heritage Investors Management Corp now owns 532,445 shares of the transportation company’s stock worth $17,182,000 after purchasing an additional 9,114 shares in the last quarter. Sabal Trust CO raised its holdings in CSX by 91.0% in the 4th quarter. Sabal Trust CO now owns 33,513 shares of the transportation company’s stock worth $1,081,000 after purchasing an additional 15,968 shares in the last quarter. National Pension Service increased its stake in shares of CSX by 1.4% in the 4th quarter. National Pension Service now owns 4,832,346 shares of the transportation company’s stock worth $155,940,000 after acquiring an additional 69,028 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of CSX by 952.1% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 87,093 shares of the transportation company’s stock worth $2,810,000 after acquiring an additional 78,815 shares in the last quarter. Finally, FourThought Financial Partners LLC increased its stake in shares of CSX by 2.1% in the 4th quarter. FourThought Financial Partners LLC now owns 94,506 shares of the transportation company’s stock worth $3,050,000 after acquiring an additional 1,951 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSX has been the subject of several research reports. Barclays decreased their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. BMO Capital Markets decreased their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Royal Bank of Canada decreased their price target 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. Finally, Jefferies Financial Group upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.16.

CSX Stock Performance

Shares of NASDAQ CSX opened at $32.01 on Friday. The firm’s 50-day moving average price is $32.60 and its 200-day moving average price is $33.70. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market cap of $61.72 billion, a PE ratio of 17.88, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 52-week low of $31.43 and a 52-week high of $38.61.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, analysts anticipate that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

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

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.