Huntington National Bank Has $4.63 Million Holdings in CSX Co. (NASDAQ:CSX)

Huntington National Bank trimmed its stake in CSX Co. (NASDAQ:CSX) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,146 shares of the transportation company’s stock after selling 2,607 shares during the period. Huntington National Bank’s holdings in CSX were worth $4,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSX. Itau Unibanco Holding S.A. acquired a new position in CSX during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of CSX during the 2nd quarter worth $27,000. Morton Brown Family Wealth LLC acquired a new position in CSX in the 3rd quarter valued at $31,000. Fairscale Capital LLC bought a new position in CSX in the 2nd quarter worth $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in CSX during the 2nd quarter worth $33,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Down 2.3 %

NASDAQ CSX opened at $35.63 on Friday. CSX Co. has a 1-year low of $30.86 and a 1-year high of $40.12. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average is $34.26 and its two-hundred day moving average is $33.87. The company has a market capitalization of $68.71 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.29 and a beta of 1.19.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.68 billion. CSX had a net margin of 24.77% and a return on equity of 28.92%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. Equities analysts forecast that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, November 29th. CSX’s dividend payout ratio (DPR) is currently 25.81%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSX. Loop Capital lowered their price target on CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on CSX from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. BMO Capital Markets reduced their price objective on CSX from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus dropped their target price on shares of CSX from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Barclays increased their price target on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.