Trustmark National Bank Trust Department Sells 1,800 Shares of CSX Co. (NASDAQ:CSX)

Trustmark National Bank Trust Department lessened its holdings in CSX Co. (NASDAQ:CSX) by 12.4% during the third quarter, HoldingsChannel.com reports. The firm owned 12,708 shares of the transportation company’s stock after selling 1,800 shares during the period. Trustmark National Bank Trust Department’s holdings in CSX were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSX. Landscape Capital Management L.L.C. acquired a new position in CSX during the third quarter worth $754,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in CSX by 7.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,207 shares of the transportation company’s stock worth $38,232,000 after buying an additional 75,238 shares during the last quarter. Cornerstone Advisors LLC increased its holdings in CSX by 1.0% during the third quarter. Cornerstone Advisors LLC now owns 143,700 shares of the transportation company’s stock worth $4,962,000 after buying an additional 1,400 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in CSX during the third quarter worth $58,000. Finally, First Horizon Advisors Inc. increased its holdings in CSX by 19.9% during the third quarter. First Horizon Advisors Inc. now owns 18,283 shares of the transportation company’s stock worth $631,000 after buying an additional 3,031 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CSX. Citigroup boosted their target price on shares of CSX from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital decreased their price objective on shares of CSX from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Evercore ISI decreased their price objective on shares of CSX from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of CSX in a report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.78.

CSX Trading Up 2.1 %

CSX opened at $35.31 on Friday. CSX Co. has a twelve month low of $31.65 and a twelve month high of $40.12. The company has a 50-day simple moving average of $34.43 and a 200 day simple moving average of $33.93. The company has a quick ratio of 1.23, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.20 and a beta of 1.19.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 16th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts predict that CSX Co. will post 1.84 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 1.36%. CSX’s dividend payout ratio is 25.81%.

CSX Company 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.