Cwm LLC Has $3.25 Million Holdings in CSX Co. (NASDAQ:CSX)

Cwm LLC boosted its position in CSX Co. (NASDAQ:CSX) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,267 shares of the transportation company’s stock after buying an additional 2,313 shares during the period. Cwm LLC’s holdings in CSX were worth $3,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CSX. International Assets Investment Management LLC lifted its holdings in CSX by 3,241.9% in the fourth quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock valued at $8,158,000 after buying an additional 228,263 shares during the period. Stratos Wealth Partners LTD. increased its stake in CSX by 15.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 36,006 shares of the transportation company’s stock valued at $1,248,000 after purchasing an additional 4,856 shares in the last quarter. Bleakley Financial Group LLC increased its stake in CSX by 31.5% in the fourth quarter. Bleakley Financial Group LLC now owns 90,269 shares of the transportation company’s stock valued at $3,130,000 after purchasing an additional 21,603 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in CSX in the fourth quarter valued at $34,000. Finally, Sequoia Financial Advisors LLC increased its stake in CSX by 258.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 116,987 shares of the transportation company’s stock valued at $4,056,000 after purchasing an additional 84,352 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 1.9 %

CSX stock traded up $0.63 during trading on Thursday, reaching $34.25. The stock had a trading volume of 1,683,544 shares, compared to its average volume of 11,801,303. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $33.56 and its two-hundred day moving average is $35.02. The company has a market capitalization of $66.96 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.89 and a beta of 1.20.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Monday, August 5th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.70 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. Equities research analysts forecast that CSX Co. will post 1.94 EPS for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, August 30th. CSX’s payout ratio is 26.37%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America downgraded shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Monday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price target on shares of CSX in a research note on Tuesday. UBS Group decreased their price target 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. Wells Fargo & Company started coverage on shares of CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target for the company. Finally, Evercore ISI raised shares of CSX to a “strong-buy” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.80.

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.