Rep. Robert Bresnahan, Jr. Sells CSX Co. (NASDAQ:CSX) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CSX Co. NASDAQ: CSX. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in CSX stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Accenture NYSE: ACN on 4/8/2025.

CSX Stock Up 2.1 %

Shares of CSX traded up $0.59 during mid-day trading on Friday, hitting $28.70. 11,525,727 shares of the company's stock were exchanged, compared to its average volume of 12,691,017. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The stock's 50-day moving average is $29.11 and its 200-day moving average is $32.05. The company has a market cap of $53.91 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

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

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.81%. CSX's payout ratio is presently 31.14%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of CSX from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Evercore ISI decreased 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. Jefferies Financial Group lowered their price target on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada decreased their price objective on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark reiterated a "buy" rating and set a $35.00 price target on shares of CSX in a research report on Thursday, April 17th. Seven equities research 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.86.

Hedge Funds Weigh In On CSX

Several institutional investors and hedge funds have recently bought and sold shares of CSX. Joel Isaacson & Co. LLC lifted its position in CSX by 2.4% during the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock worth $421,000 after acquiring an additional 310 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in shares of CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 313 shares in the last quarter. West Branch Capital LLC increased its holdings in shares of CSX by 3.3% during the fourth quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock worth $333,000 after buying an additional 332 shares in the last quarter. Alhambra Investment Management LLC raised its position in CSX by 4.3% in the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock valued at $268,000 after purchasing an additional 342 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in shares of CSX by 2.6% during the fourth quarter. Trust Point Inc. now owns 13,722 shares of the transportation company's stock worth $443,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

CSX Company 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.