Rep. Kevin Hern Sells Off Shares of CSX Corporation (NASDAQ:CSX)

Key Points

• Rep. Kevin Hern sold $1,001–$15,000 of CSX stock from his traditional IRA on August 27, according to a filing disclosed September 25. He also reported selling shares of several other companies in mid-September.
• CSX reported quarterly earnings of $0.54 per share, beating estimates of $0.52, while revenue rose 10.1% year over year to $3.94 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $51.24.
• CSX recently paid a quarterly dividend of $0.14 per share, equivalent to an annualized $0.56 dividend and a 1.2% yield; institutional investors own approximately 73.57% of the company.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of CSX Corporation NASDAQ: CSX. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in CSX stock on August 27th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

CSX Stock Performance

Shares of CSX stock opened at $46.76 on Tuesday. CSX Corporation has a 12 month low of $33.63 and a 12 month high of $53.60. The stock has a market cap of $86.62 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company's fifty day moving average price is $49.73 and its 200-day moving average price is $46.57. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that CSX Corporation will post 2 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.2%. CSX's dividend payout ratio (DPR) is currently 32.37%.

Institutional Investors Weigh In On CSX

A number of large investors have recently made changes to their positions in CSX. Washington Trust Advisors Inc. boosted its holdings in shares of CSX by 7.2% in the 2nd quarter. Washington Trust Advisors Inc. now owns 3,142 shares of the transportation company's stock valued at $149,000 after purchasing an additional 211 shares in the last quarter. Arlington Trust Co LLC lifted its position in shares of CSX by 58.0% during the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company's stock worth $32,000 after buying an additional 250 shares during the last quarter. Greenleaf Trust boosted its stake in CSX by 0.4% in the second quarter. Greenleaf Trust now owns 69,023 shares of the transportation company's stock valued at $3,281,000 after buying an additional 263 shares in the last quarter. Syon Capital LLC boosted its stake in CSX by 1.0% in the fourth quarter. Syon Capital LLC now owns 28,316 shares of the transportation company's stock valued at $1,026,000 after buying an additional 287 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in CSX by 1.7% in the second quarter. Parkside Financial Bank & Trust now owns 18,038 shares of the transportation company's stock valued at $874,000 after acquiring an additional 300 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Angela C. Williams sold 30,000 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the completion of the transaction, the chief accounting officer directly owned 10,437 shares in the company, valued at $556,187.73. This represents a 74.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael S. Burns sold 13,000 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the sale, the senior vice president owned 59,643 shares in the company, valued at $3,141,993.24. This represents a 17.90% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

CSX has been the subject of several recent research reports. Stifel Nicolaus set a $54.00 target price on shares of CSX in a report on Thursday, July 23rd. Barclays reaffirmed an "overweight" rating and set a $60.00 price objective (up from $55.00) on shares of CSX in a research report on Thursday, July 23rd. Argus set a $56.00 price objective on CSX in a research note on Friday, July 31st. Citigroup boosted their target price on CSX from $53.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Finally, TD Cowen increased their target price on CSX from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and an average price target of $51.24.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About CSX

CSX Corporation NASDAQ: CSX is a transportation company that provides rail-based freight services through its principal subsidiary, CSX Transportation. The company moves a broad range of products, including agricultural and food products, chemicals, minerals, forest products, metals, automotive shipments, and consumer goods.

CSX also provides intermodal transportation, connecting rail shipments with trucks, ports, and distribution facilities. Its network serves the eastern United States and reaches parts of Canada, linking major industrial regions, population centers, manufacturing locations, and Atlantic and Gulf Coast ports.

CSX traces its history to the 1980 merger of Chessie System and Seaboard Coast Line Industries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.