Hancock Whitney Corp Sells 776 Shares of CSX Co. (NASDAQ:CSX)

Hancock Whitney Corp decreased its position in CSX Co. (NASDAQ:CSX) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,131 shares of the transportation company’s stock after selling 776 shares during the quarter. Hancock Whitney Corp’s holdings in CSX were worth $3,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSX. Burling Wealth Partners LLC bought a new position in CSX during the 4th quarter valued at approximately $325,000. Cartenna Capital LP purchased a new position in shares of CSX during the fourth quarter valued at approximately $88,894,000. Coppell Advisory Solutions LLC raised its holdings in shares of CSX by 31.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 3,282 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 779 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in CSX by 45.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 301,144 shares of the transportation company’s stock worth $9,718,000 after acquiring an additional 94,468 shares during the period. Finally, Alta Advisers Ltd boosted its holdings in CSX by 8.5% in the fourth quarter. Alta Advisers Ltd now owns 6,292 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 492 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

CSX Trading Up 2.0 %

NASDAQ:CSX opened at $28.14 on Friday. CSX Co. has a 52 week low of $26.22 and a 52 week high of $37.10. The stock has a market cap of $52.86 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.92 and a beta of 1.23. The company’s 50 day moving average price is $29.63 and its 200-day moving average price is $32.33. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, equities research analysts forecast that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. CSX’s payout ratio is 31.14%.

Wall Street Analyst Weigh In

Several research analysts have commented on CSX shares. Susquehanna decreased their price objective on shares of CSX from $37.00 to $35.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Barclays lowered their price objective on shares of CSX from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. UBS Group reduced their target price on CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Finally, Evercore ISI reduced their price target on CSX from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.95.

About CSX

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.