Huntington National Bank Has $4.29 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Huntington National Bank lowered its stake in CSX Co. (NASDAQ:CSX) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,792 shares of the transportation company’s stock after selling 1,354 shares during the period. Huntington National Bank’s holdings in CSX were worth $4,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of CSX during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in CSX in the fourth quarter valued at about $33,000. Center for Financial Planning Inc. boosted its stake in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 720 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of CSX by 216.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,091 shares of the transportation company’s stock worth $35,000 after purchasing an additional 746 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in shares of CSX in the fourth quarter valued at approximately $36,000. Institutional investors own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stephens reissued an “overweight” rating and set a $38.00 target price on shares of CSX in a report on Friday, January 24th. UBS Group reduced their price objective on shares of CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird lowered their target price on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Susquehanna reduced their price target on CSX from $39.00 to $37.00 and set a “positive” rating on the stock in a research report on Thursday, March 27th. Finally, BMO Capital Markets lowered their price objective on CSX from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.20.

CSX Stock Performance

Shares of CSX stock opened at $29.74 on Thursday. The business has a 50-day simple moving average of $31.54 and a 200 day simple moving average of $33.12. The firm has a market capitalization of $56.05 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. CSX Co. has a one year low of $28.78 and a one year high of $37.10.

CSX (NASDAQ:CSX) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. CSX’s dividend payout ratio (DPR) is 29.05%.

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.