Western Wealth Management LLC Acquires 419 Shares of CSX Co. (NASDAQ:CSX)

Western Wealth Management LLC increased its holdings in CSX Co. (NASDAQ:CSX) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,188 shares of the transportation company’s stock after acquiring an additional 419 shares during the quarter. Western Wealth Management LLC’s holdings in CSX were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in CSX during the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new stake in CSX during the 4th quarter valued at about $27,000. Fortis Capital Advisors LLC purchased a new stake in CSX during the 4th quarter valued at about $27,000. Venturi Wealth Management LLC grew its position in CSX by 228.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 692 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in CSX by 897.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 1,067 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 960 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Jefferies Financial Group dropped their price target on shares of CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of CSX in a report on Thursday. Raymond James raised their price target on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Finally, TD Cowen raised their price target on shares of CSX from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, CSX currently has an average rating of “Moderate Buy” and a consensus price target of $37.72.

CSX Price Performance

NASDAQ CSX opened at $34.34 on Friday. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The stock has a market cap of $67.22 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.00 and a beta of 1.18. The company’s 50 day moving average is $36.88 and its two-hundred day moving average is $34.35. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $3.68 billion for 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 company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. As a group, research analysts anticipate that CSX Co. will post 1.96 earnings per share for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. This is a boost from CSX’s previous quarterly dividend of $0.11. CSX’s dividend payout ratio (DPR) is presently 26.37%.

CSX Company 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.