CSX Co. (NASDAQ:CSX) Shares Sold by LWM Advisory Services LLC

LWM Advisory Services LLC lessened its stake in CSX Co. (NASDAQ:CSX) by 30.5% during the fourth quarter, Holdings Channel reports. The firm owned 6,715 shares of the transportation company’s stock after selling 2,943 shares during the period. LWM Advisory Services LLC’s holdings in CSX were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sigma Planning Corp boosted its holdings in shares of CSX by 3.8% in the 4th quarter. Sigma Planning Corp now owns 49,504 shares of the transportation company’s stock valued at $1,597,000 after purchasing an additional 1,817 shares during the last quarter. Redmond Asset Management LLC acquired a new position in shares of CSX in the 4th quarter valued at $397,000. Deseret Mutual Benefit Administrators raised its stake in shares of CSX by 3.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 12,791 shares of the transportation company’s stock valued at $413,000 after acquiring an additional 440 shares during the period. Blackston Financial Advisory Group LLC raised its stake in shares of CSX by 2.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,152 shares of the transportation company’s stock valued at $489,000 after acquiring an additional 405 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of CSX in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analysts Set New Price Targets

CSX has been the topic of a number of research reports. Benchmark reissued a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their target price on shares of CSX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada cut their target price on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Finally, Raymond James reissued an “outperform” rating and issued a $37.00 target price (down previously from $38.00) on shares of CSX in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.16.

CSX Price Performance

CSX opened at $32.30 on Friday. The company has a 50-day moving average of $32.63 and a 200-day moving average of $33.77. The company has a market capitalization of $62.29 billion, a P/E ratio of 18.04, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 1-year low of $31.43 and a 1-year high of $40.12. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

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

CSX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.61%. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is presently 26.82%.

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.