Trustmark National Bank Trust Department Has $439,000 Holdings in CSX Co. (NASDAQ:CSX)

Trustmark National Bank Trust Department cut its position in CSX Co. (NASDAQ:CSX) by 12.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,708 shares of the transportation company’s stock after selling 1,800 shares during the quarter. Trustmark National Bank Trust Department’s holdings in CSX were worth $439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. grew its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock valued at $26,000 after buying an additional 480 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in CSX in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new stake in CSX in the 2nd quarter valued at $27,000. Fairscale Capital LLC bought a new stake in CSX in the 2nd quarter valued at $32,000. Finally, Morton Brown Family Wealth LLC bought a new stake in CSX in the 3rd quarter valued at $31,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Trading Up 2.1 %

Shares of CSX stock opened at $35.31 on Friday. CSX Co. has a 12-month low of $31.65 and a 12-month high of $40.12. The company has a market capitalization of $68.09 billion, a P/E ratio of 18.98, a P/E/G ratio of 2.20 and a beta of 1.19. The firm has a 50-day moving average price of $34.43 and a 200 day moving average price 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.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 16th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $3.62 billion for 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 company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. Research analysts forecast that CSX Co. will post 1.84 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, November 29th. CSX’s payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stifel Nicolaus reduced their price target on shares of CSX from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Evercore ISI reduced their price target on shares of CSX from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company reduced their price target on shares of CSX from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price target on shares of CSX from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Susquehanna reduced their price objective on shares of CSX from $42.00 to $40.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.