Nelson Capital Management LLC Purchases Shares of 6,200 CSX Co. (NASDAQ:CSX)

Nelson Capital Management LLC acquired a new position in shares of CSX Co. (NASDAQ:CSX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,200 shares of the transportation company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in the company. Albion Financial Group UT acquired a new stake in CSX in the second quarter valued at approximately $26,000. Kalos Management Inc. purchased a new stake in CSX in the 1st quarter worth $25,000. Fortis Capital Advisors LLC acquired a new position in CSX during the fourth quarter worth $27,000. Caldwell Sutter Capital Inc. lifted its holdings in CSX by 64.2% during the second quarter. Caldwell Sutter Capital Inc. now owns 921 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 360 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of CSX in the first quarter valued at about $311,675,000. 72.76% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Up 0.9 %

Shares of CSX stock traded up $0.29 on Friday, reaching $31.62. The company had a trading volume of 13,336,919 shares, compared to its average volume of 13,129,098. The firm’s 50 day moving average price is $30.64 and its two-hundred day moving average price is $31.58. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.00 and a current ratio of 1.14. CSX Co. has a 52-week low of $27.60 and a 52-week high of $34.38. The firm has a market cap of $62.49 billion, a PE ratio of 16.82, a PEG ratio of 2.53 and a beta of 1.20.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. CSX had a return on equity of 31.28% and a net margin of 26.16%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis. Sell-side analysts predict that CSX Co. will post 1.83 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 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.39%. CSX’s dividend payout ratio is presently 23.40%.

Wall Street Analysts Forecast Growth

CSX has been the subject of several research analyst reports. Argus upped their price target on shares of CSX from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Susquehanna decreased their target price on CSX from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 3rd. Royal Bank of Canada dropped their price target on CSX from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, October 20th. JPMorgan Chase & Co. upgraded CSX from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $37.00 to $40.00 in a report on Wednesday, October 11th. Finally, StockNews.com assumed coverage on shares of CSX in a report on Thursday, October 5th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.00.

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 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.