16,807 Shares in CSX Co. (NASDAQ:CSX) Acquired by Nwam LLC

Nwam LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 16,807 shares of the transportation company’s stock, valued at approximately $580,000.

Several other hedge funds have also bought and sold shares of CSX. Bank of New York Mellon Corp increased its position in shares of CSX by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,133,857 shares of the transportation company’s stock valued at $573,128,000 after purchasing an additional 1,060,204 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in CSX by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 12,421,862 shares of the transportation company’s stock worth $415,466,000 after buying an additional 1,060,617 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CSX by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,592,143 shares of the transportation company’s stock worth $400,277,000 after acquiring an additional 51,597 shares in the last quarter. Bank of Montreal Can raised its stake in shares of CSX by 38.7% during the second quarter. Bank of Montreal Can now owns 6,749,827 shares of the transportation company’s stock worth $225,917,000 after acquiring an additional 1,884,998 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of CSX by 2.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,521,214 shares of the transportation company’s stock worth $225,178,000 after acquiring an additional 146,973 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

CSX stock opened at $35.78 on Friday. CSX Co. has a fifty-two week low of $31.65 and a fifty-two week high of $40.12. The stock has a market cap of $69.00 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.24 and a beta of 1.19. The stock’s 50 day simple moving average is $34.48 and its two-hundred day simple moving average is $33.94. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.39.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. CSX had a return on equity of 28.92% and a net margin of 24.77%. CSX’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, analysts expect that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.34%. CSX’s payout ratio is 25.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CSX shares. TD Cowen decreased their target price on shares of CSX from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Wednesday, August 7th. Susquehanna dropped their target price on CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. BMO Capital Markets decreased their price target on CSX from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their price objective on CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

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.