Cwm LLC Trims Stock Position in CSX Co. (NASDAQ:CSX)

Cwm LLC lessened its position in shares of CSX Co. (NASDAQ:CSX) by 72.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 94,811 shares of the transportation company’s stock after selling 254,079 shares during the quarter. Cwm LLC’s holdings in CSX were worth $3,287,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CSX. Fortitude Family Office LLC purchased a new stake in shares of CSX during the fourth quarter worth $27,000. Life Planning Partners Inc purchased a new stake in shares of CSX during the fourth quarter worth $27,000. Venturi Wealth Management LLC increased its position in shares of CSX by 228.4% during the third quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock worth $31,000 after acquiring an additional 692 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CSX during the fourth quarter worth $34,000. Finally, Avion Wealth increased its position in shares of CSX by 450.5% during the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company’s stock worth $35,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Price Performance

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

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

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. CSX’s dividend payout ratio (DPR) is 26.37%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CSX. Raymond James upped their price objective on CSX from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. UBS Group lowered their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. BMO Capital Markets boosted their target price on shares of CSX from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. TD Cowen upped their price objective on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of CSX in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.00.

CSX 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.