Massmutual Trust Co. FSB ADV Sells 9,325 Shares of CSX Co. (NASDAQ:CSX)

Massmutual Trust Co. FSB ADV lessened its position in shares of CSX Co. (NASDAQ:CSXGet Rating) by 35.9% in the second quarter, Holdings Channel.com reports. The firm owned 16,627 shares of the transportation company’s stock after selling 9,325 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in CSX were worth $483,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CSX. Moody National Bank Trust Division bought a new position in shares of CSX in the 2nd quarter valued at about $656,000. Marshall & Sullivan Inc. WA bought a new position in CSX during the second quarter worth about $34,000. Park National Corp OH grew its holdings in CSX by 2.2% during the second quarter. Park National Corp OH now owns 912,996 shares of the transportation company’s stock worth $26,532,000 after purchasing an additional 19,691 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in CSX by 4.5% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 43,895 shares of the transportation company’s stock worth $1,644,000 after purchasing an additional 1,900 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in CSX during the first quarter worth approximately $76,000. Institutional investors own 73.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CSX shares. JPMorgan Chase & Co. cut their price objective on shares of CSX from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, July 12th. Susquehanna cut their price objective on shares of CSX from $36.00 to $35.00 in a research report on Thursday, July 21st. Evercore ISI cut their price objective on shares of CSX from $37.00 to $35.00 in a research report on Tuesday, July 12th. Raymond James dropped their price target on shares of CSX from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, July 8th. Finally, Susquehanna Bancshares dropped their price target on shares of CSX from $36.00 to $35.00 and set a “positive” rating for the company in a research report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $36.33.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $29.49 on Monday. The company’s 50 day simple moving average is $31.89 and its 200 day simple moving average is $32.74. The stock has a market capitalization of $63.15 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 1.01. CSX Co. has a 1 year low of $27.59 and a 1 year high of $38.63.

CSX (NASDAQ:CSXGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.67 billion. CSX had a net margin of 28.24% and a return on equity of 29.07%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. As a group, research analysts predict that CSX Co. will post 1.89 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. CSX’s payout ratio is presently 22.47%.

About CSX

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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 transports chemicals, agricultural and food products, automotive, minerals, 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.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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