168,009 CSX Corporation $CSX Shares Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors increased its CSX stake by 9.9% in the third quarter, adding 168,009 shares to hold about 1.86 million shares valued at $86.5 million. Institutional investors own 73.57% of the company.
• CSX beat quarterly expectations with EPS of $0.57 and revenue of $4.02 billion; revenue rose 12% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $52.20.
• CSX shares traded at $49.12 in the report, and the company declared a quarterly dividend of $0.14 per share, equivalent to a 1.1% yield.

Calamos Advisors LLC increased its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,858,914 shares of the transportation company's stock after buying an additional 168,009 shares during the period. Calamos Advisors LLC owned 0.10% of CSX worth $86,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Archer Investment Corp acquired a new position in CSX during the second quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in CSX during the 2nd quarter worth $27,000. Pin Oak Investment Advisors Inc. bought a new position in CSX during the second quarter worth about $29,000. Manning & Napier Advisors LLC bought a new position in CSX during the second quarter worth about $30,000. Finally, Covestor Ltd grew its stake in CSX by 51.7% in the third quarter. Covestor Ltd now owns 619 shares of the transportation company's stock valued at $29,000 after acquiring an additional 211 shares during the period. 73.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CSX news, Director John Zillmer sold 19,500 shares of the company's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $51.24, for a total value of $999,180.00. Following the transaction, the director directly owned 334,214 shares in the company, valued at $17,125,125.36. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CSX has been the topic of a number of recent research reports. Citizens Jmp began coverage on CSX in a research report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Benchmark reaffirmed a "buy" rating and set a $54.00 price target (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. TD Cowen reiterated a "buy" rating and issued a $55.00 price objective (up from $54.00) on shares of CSX in a report on Thursday, October 22nd. Raymond James Financial set a $55.00 price objective on shares of CSX in a research report on Friday, October 23rd. Finally, Truist Financial set a $46.00 target price on shares of CSX in a report on Friday, July 10th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CSX has an average rating of "Moderate Buy" and a consensus price target of $52.20.

CSX News Summary

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Zacks Research raised several forecasts, including FY2026 EPS to $2.06 from $2.00 and FY2027 EPS to $2.32 from $2.14, signaling a more favorable earnings outlook. CSX stock gets higher 2026 earnings forecast from Zacks
• Neutral Sentiment: CSX’s CFO is due to speak at a Baird conference. The appearance may give investors clues about operating trends or guidance, but the reports do not indicate that new comments have been made yet. CSX stock faces fresh test before CFO speaks at Baird conference
• Negative Sentiment: Zacks trimmed its Q2 2028 EPS estimate to $0.53 from $0.54, a modest counterpoint to its other forecast increases that may contribute to investor caution. CSX stock faces higher earnings bar after Zacks upgrade
• Negative Sentiment: Local reports described a CSX train striking a semi-truck and a separate incident involving a teenager. The articles provide no indication of broader operational or financial consequences, but the incidents may draw safety scrutiny. CSX train hits semi-truck near downtown Decatur crossing

CSX Stock Performance

NASDAQ CSX traded down $1.71 on Friday, hitting $49.12. 15,095,233 shares of the stock were exchanged, compared to its average volume of 11,270,241. The business's fifty day moving average is $48.79 and its 200 day moving average is $45.89. CSX Corporation has a 52 week low of $33.63 and a 52 week high of $53.60. The company has a market capitalization of $90.55 billion, a PE ratio of 25.45, a P/E/G ratio of 2.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.75.

CSX (NASDAQ:CSX - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The transportation company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. CSX had a net margin of 23.97% and a return on equity of 25.94%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business earned $0.44 EPS. CSX's revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts anticipate that CSX Corporation will post 2.05 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.56 annualized dividend and a yield of 1.1%. CSX's dividend payout ratio (DPR) is currently 29.02%.

CSX Company Profile

CSX Corporation is a freight transportation company that operates one of the largest rail networks in the eastern United States. Its rail system serves customers across much of the eastern U.S., as well as parts of Canada, and connects with other railroads and ports.

CSX transports a broad range of goods, including chemicals, agricultural and food products, automobiles, minerals, forest products, coal and intermodal freight. Its services include rail transportation, intermodal shipping that combines rail and truck transport, and related logistics and supply-chain services.

The company was formed in 1980 through the merger of Chessie System and Seaboard Coast Line Industries, combining railroads with histories dating to the 19th century.

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