Nwam LLC reduced its position in CSX Co. (NASDAQ:CSX – Get Rating) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,368 shares of the transportation company’s stock after selling 2,756 shares during the quarter. Nwam LLC’s holdings in CSX were worth $503,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CSX. Soroban Capital Partners LP lifted its holdings in shares of CSX by 22.8% during the third quarter. Soroban Capital Partners LP now owns 39,572,504 shares of the transportation company’s stock valued at $1,176,886,000 after acquiring an additional 7,338,924 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CSX by 0.7% during the third quarter. Geode Capital Management LLC now owns 36,820,038 shares of the transportation company’s stock valued at $1,092,303,000 after acquiring an additional 267,651 shares during the period. Invesco Ltd. lifted its holdings in shares of CSX by 4.1% during the third quarter. Invesco Ltd. now owns 18,326,566 shares of the transportation company’s stock valued at $545,035,000 after acquiring an additional 718,350 shares during the period. Fisher Asset Management LLC increased its stake in shares of CSX by 4.5% in the fourth quarter. Fisher Asset Management LLC now owns 17,920,903 shares of the transportation company’s stock valued at $673,826,000 after buying an additional 765,414 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of CSX by 15.3% in the third quarter. Dimensional Fund Advisors LP now owns 15,125,062 shares of the transportation company’s stock valued at $449,935,000 after buying an additional 2,011,432 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.
Shares of CSX stock opened at $33.76 on Wednesday. CSX Co. has a 12-month low of $29.49 and a 12-month high of $38.63. The stock has a market cap of $73.40 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.81 and a beta of 1.21. The company has a quick ratio of 1.32, a current ratio of 1.46 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $35.13 and its 200-day moving average is $35.40.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, May 27th. CSX’s payout ratio is presently 22.73%.
A number of brokerages have recently weighed in on CSX. Deutsche Bank Aktiengesellschaft lowered their target price on CSX from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, January 24th. Stephens lowered their price objective on CSX from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, January 21st. Wells Fargo & Company lowered their price objective on CSX from $41.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 21st. Royal Bank of Canada upgraded CSX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, March 17th. Finally, StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, CSX presently has an average rating of “Buy” and a consensus target price of $38.91.
CSX Profile (Get Rating)
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 transports chemicals, agricultural and food products, automotive, minerals, 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.
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