Nuveen Asset Management LLC Has $340.14 Million Holdings in CSX Co. (NASDAQ:CSX)

Nuveen Asset Management LLC trimmed its position in CSX Co. (NASDAQ:CSX - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,540,308 shares of the transportation company's stock after selling 271,642 shares during the period. Nuveen Asset Management LLC owned approximately 0.55% of CSX worth $340,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cooper Financial Group increased its stake in CSX by 5.3% in the 4th quarter. Cooper Financial Group now owns 10,299 shares of the transportation company's stock valued at $332,000 after buying an additional 522 shares during the last quarter. Courier Capital LLC grew its holdings in shares of CSX by 3.3% in the 4th quarter. Courier Capital LLC now owns 12,299 shares of the transportation company's stock valued at $397,000 after acquiring an additional 392 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of CSX by 43.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 15,389 shares of the transportation company's stock valued at $497,000 after acquiring an additional 4,637 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in CSX by 5.8% during the fourth quarter. Accurate Wealth Management LLC now owns 22,817 shares of the transportation company's stock worth $725,000 after acquiring an additional 1,249 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in CSX by 6.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 10,892 shares of the transportation company's stock valued at $351,000 after purchasing an additional 665 shares during the last quarter. 73.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of analyst reports. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Evercore ISI lowered their target price on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Argus set a $32.00 price target on shares of CSX in a research note on Friday, April 25th. Loop Capital downgraded shares of CSX from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Finally, Susquehanna dropped their target price on shares of CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $33.90.

CSX Stock Performance

NASDAQ:CSX traded up $0.02 during mid-day trading on Friday, hitting $31.32. 11,393,691 shares of the stock were exchanged, compared to its average volume of 12,850,809. The firm's 50-day simple moving average is $28.81 and its 200 day simple moving average is $31.77. The stock has a market capitalization of $58.84 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, May 30th. CSX's dividend payout ratio (DPR) is 31.14%.

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.