FWG Holdings LLC Purchases 614 Shares of CSX Co. (NASDAQ:CSX)

FWG Holdings LLC increased its position in shares of CSX Co. (NASDAQ:CSX) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,402 shares of the transportation company’s stock after purchasing an additional 614 shares during the period. FWG Holdings LLC’s holdings in CSX were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Valley Wealth Managers Inc. raised its stake in CSX by 177.8% during the third quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of CSX during the 4th quarter worth about $31,000. Sierra Ocean LLC bought a new position in CSX during the 4th quarter valued at about $33,000. Center for Financial Planning Inc. lifted its holdings in CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 720 shares during the last quarter. Finally, Addison Advisors LLC boosted its position in CSX by 348.5% in the third quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock valued at $36,000 after buying an additional 812 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

NASDAQ CSX opened at $31.26 on Monday. The company has a market capitalization of $59.23 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. CSX Co. has a twelve month low of $30.55 and a twelve month high of $38.35. The stock has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $33.62.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) 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%. Sell-side analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This is an increase from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.66%. CSX’s dividend payout ratio (DPR) is 29.05%.

Analyst Ratings Changes

A number of research firms recently weighed in on CSX. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday. They set a “hold” rating and a $34.00 price target for the company. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. BMO Capital Markets reduced their price target on shares of CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Barclays decreased their price objective on shares of CSX from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of CSX in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

About CSX

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.