Hancock Whitney Corp Sells 1,209 Shares of CSX Co. (NASDAQ:CSX)

Hancock Whitney Corp decreased its holdings in shares of CSX Co. (NASDAQ:CSX) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,907 shares of the transportation company’s stock after selling 1,209 shares during the period. Hancock Whitney Corp’s holdings in CSX were worth $3,277,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its position in shares of CSX by 149.1% during the second quarter. Banque Cantonale Vaudoise now owns 17,208 shares of the transportation company’s stock worth $575,000 after acquiring an additional 10,301 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in CSX by 20.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,399 shares of the transportation company’s stock valued at $16,139,000 after purchasing an additional 80,423 shares during the period. Thrivent Financial for Lutherans increased its holdings in CSX by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 3,374,499 shares of the transportation company’s stock worth $116,521,000 after buying an additional 24,430 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CSX by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after purchasing an additional 77,488 shares during the period. Finally, William B. Walkup & Associates Inc. purchased a new position in shares of CSX during the 2nd quarter valued at $867,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 2.3 %

Shares of NASDAQ CSX opened at $36.62 on Tuesday. The stock has a market capitalization of $70.62 billion, a P/E ratio of 19.69, a PEG ratio of 2.27 and a beta of 1.19. CSX Co. has a one year low of $31.65 and a one year high of $40.12. The firm’s 50 day simple moving average is $34.53 and its two-hundred day simple moving average is $33.96. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the business earned $0.42 EPS. CSX’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts expect that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is presently 25.81%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSX. JPMorgan Chase & Co. boosted their price target on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Evercore ISI reduced their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Stifel Nicolaus reduced their price target on CSX from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Royal Bank of Canada decreased their price target on CSX from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of CSX in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.78.

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.