Hancock Whitney Corp increased its position in CSX Co. (NASDAQ:CSX) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,480 shares of the transportation company’s stock after buying an additional 340 shares during the period. Hancock Whitney Corp’s holdings in CSX were worth $3,402,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSX. Virtus ETF Advisers LLC boosted its position in CSX by 117.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 445 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Larson Financial Group LLC bought a new stake in CSX during the 4th quarter valued at $28,000. Liberty Wealth Management LLC bought a new stake in CSX during the 4th quarter valued at $28,000. Karp Capital Management Corp bought a new stake in CSX during the 4th quarter valued at $30,000. Finally, Berman Capital Advisors LLC bought a new stake in CSX during the 4th quarter valued at $35,000. Institutional investors own 75.71% of the company’s stock.

Several analysts have issued reports on the company. Raymond James increased their target price on CSX from $81.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Morgan Stanley increased their price objective on CSX from $55.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, April 17th. TD Securities increased their price objective on CSX from $79.00 to $81.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Monday, April 22nd. Finally, Stifel Nicolaus set a $80.00 price objective on CSX and gave the company a “hold” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $79.41.

CSX traded down $0.21 during trading on Wednesday, reaching $78.39. The company’s stock had a trading volume of 135,324 shares, compared to its average volume of 4,704,513. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.81 and a quick ratio of 1.68. CSX Co. has a 1 year low of $58.47 and a 1 year high of $80.73. The firm has a market capitalization of $63.17 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27.

CSX (NASDAQ:CSX) last released its earnings results on Tuesday, April 16th. The transportation company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company posted $0.78 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that CSX Co. will post 4.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 30th. CSX’s dividend payout ratio (DPR) is 25.00%.

In other CSX news, VP Angela C. Williams sold 9,560 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $79.14, for a total value of $756,578.40. Following the transaction, the vice president now directly owns 14,607 shares of the company’s stock, valued at approximately $1,155,997.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.83% of the company’s stock.

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About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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