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:CSXFree Report) 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:CSXGet Free Report) 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, 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.

View Our Latest Report on CSX

CSX Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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