FWG Holdings LLC Acquires 681 Shares of CSX Co. (NASDAQ:CSX)

FWG Holdings LLC grew its stake in shares of CSX Co. (NASDAQ:CSX) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,788 shares of the transportation company’s stock after buying an additional 681 shares during the quarter. FWG Holdings LLC’s holdings in CSX were worth $425,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Western Wealth Management LLC boosted its position in CSX by 0.8% during the 2nd quarter. Western Wealth Management LLC now owns 36,127 shares of the transportation company’s stock valued at $1,208,000 after buying an additional 295 shares during the period. TriaGen Wealth Management LLC raised its stake in shares of CSX by 2.7% during the second quarter. TriaGen Wealth Management LLC now owns 11,524 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 300 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of CSX by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 17,246 shares of the transportation company’s stock worth $595,000 after purchasing an additional 306 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of CSX by 0.9% in the third quarter. J.W. Cole Advisors Inc. now owns 35,401 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 309 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. increased its holdings in CSX by 33.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,253 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Stock Down 0.5 %

Shares of CSX stock opened at $34.97 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12 month low of $31.44 and a 12 month high of $40.12. The stock has a market cap of $67.44 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.23 and a beta of 1.19. The company has a 50 day simple moving average of $34.35 and a two-hundred day simple moving average of $33.91.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the business posted $0.42 earnings per share. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts expect that CSX Co. will post 1.84 earnings per share for the current year.

CSX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. CSX’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CSX. Benchmark restated a “buy” rating and set a $40.00 target price on shares of CSX in a report on Wednesday, August 7th. Royal Bank of Canada decreased their price target on shares of CSX from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, October 17th. TD Cowen dropped their price objective on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Barclays raised their target price on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Stephens reduced their price target on CSX from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, CSX currently has an average rating of “Moderate Buy” and an average target price of $38.78.

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.