LWM Advisory Services LLC Invests $287,000 in CSX Co. (NASDAQ:CSX)

LWM Advisory Services LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,264 shares of the transportation company’s stock, valued at approximately $287,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Value Partners Investments Inc. purchased a new position in shares of CSX during the 3rd quarter valued at approximately $1,172,000. Morgan Stanley boosted its stake in shares of CSX by 3.1% during the 3rd quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock worth $748,471,000 after acquiring an additional 739,411 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of CSX by 3,241.9% during the 4th quarter. International Assets Investment Management LLC now owns 235,304 shares of the transportation company’s stock worth $8,158,000 after acquiring an additional 228,263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CSX by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 723,344 shares of the transportation company’s stock valued at $25,078,000 after acquiring an additional 34,730 shares during the period. Finally, Sapient Capital LLC purchased a new position in shares of CSX in the 4th quarter valued at about $1,279,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada dropped their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Susquehanna increased their target price on shares of CSX from $42.00 to $44.00 and gave the company a “positive” rating in a research report on Thursday, March 28th. Benchmark restated a “buy” rating and set a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Raymond James upped their price objective on shares of CSX from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Finally, UBS Group decreased their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.00.

CSX Stock Down 0.1 %

Shares of NASDAQ:CSX traded down $0.04 during trading on Monday, hitting $33.95. The company’s stock had a trading volume of 11,084,048 shares, compared to its average volume of 12,354,156. CSX Co. has a fifty-two week low of $29.03 and a fifty-two week high of $40.12. The business has a 50 day moving average price of $36.61 and a two-hundred day moving average price of $34.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The company has a market capitalization of $66.37 billion, a PE ratio of 18.68, a P/E/G ratio of 2.04 and a beta of 1.18.

CSX (NASDAQ:CSX) last announced 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 business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. CSX had a return on equity of 29.58% and a net margin of 24.75%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. As a group, research analysts expect that CSX Co. will post 1.95 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. This is an increase from CSX’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX’s payout ratio is 26.37%.

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.