336,342 CSX Corporation $CSX Shares Bought by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its CSX stake by 41.5% in the third quarter, purchasing 336,342 additional shares for a total of 1.15 million shares valued at approximately $53.4 million. Institutional investors collectively own 73.57% of CSX.
• Analysts maintain a generally positive outlook, with 17 Buy, seven Hold and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $51.17.
• CSX shares recently traded near $48.68, while the company reported quarterly earnings and revenue above estimates and declared a $0.14 quarterly dividend, equivalent to a 1.2% annual yield.

TD Waterhouse Canada Inc. increased its stake in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 41.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,146,660 shares of the transportation company's stock after acquiring an additional 336,342 shares during the period. TD Waterhouse Canada Inc. owned about 0.06% of CSX worth $53,411,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Archer Investment Corp bought a new stake in shares of CSX in the second quarter valued at about $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of CSX during the second quarter worth about $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CSX during the second quarter worth about $29,000. Manning & Napier Advisors LLC bought a new position in shares of CSX during the second quarter worth about $30,000. Finally, Arlington Trust Co LLC grew its holdings in shares of CSX by 58.0% during the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company's stock worth $32,000 after buying an additional 250 shares in the last quarter. 73.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup restated a "cautious" rating on shares of CSX in a research note on Wednesday, October 7th. Weiss Ratings raised shares of CSX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Argus set a $56.00 price target on shares of CSX in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $59.00 price objective on shares of CSX in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CSX from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.17.

More CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX’s rail network was highlighted as an economic moat because building a competing freight system would require enormous capital and decades to replicate. That structural advantage supports long-term pricing power and the company’s dividend appeal. 3 Dividend Stocks With Economic Moats That Are Almost Impossible to Cross
• Positive Sentiment: TD Cowen reportedly maintained a constructive outlook and set a $54 price target following CSX’s announcement that COO Mike Cory is retiring. The target remains above the stock’s recent trading level, although the leadership transition could create near-term uncertainty. CSX retires COO Mike Cory
• Neutral Sentiment: Wall Street estimates for CSX’s quarter ended September 2026 are being examined ahead of earnings, with investors watching revenue, volumes, pricing, operating efficiency and other key metrics—not just earnings per share and sales. Unlocking Q3 Potential of CSX
• Neutral Sentiment: Raymond James lowered its CSX price target to $53 from $56. The reduction may temper enthusiasm, but the revised target still implies upside relative to the recent share price. Raymond James Adjusts CSX Price Target
• Negative Sentiment: CSX’s COO retirement and the reassignment of direct reports to the CEO raise questions about leadership continuity and execution during the upcoming earnings period. Local concerns about a deteriorating bridge associated with CSX also create reputational and potential infrastructure-cost risks, though neither issue currently indicates a material financial impact. How CSX’s COO Retirement May Influence Investors

Insider Activity at CSX

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

CSX Stock Down 0.0%

Shares of NASDAQ:CSX traded down $0.01 during midday trading on Friday, reaching $48.68. The company had a trading volume of 9,825,551 shares, compared to its average volume of 10,324,527. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. The business's 50 day moving average price is $48.77 and its 200 day moving average price is $47.31. The stock has a market cap of $90.18 billion, a PE ratio of 28.14, a P/E/G ratio of 2.30 and a beta of 1.21. CSX Corporation has a 1-year low of $33.63 and a 1-year high of $53.60.

CSX (NASDAQ:CSX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Research analysts forecast that CSX Corporation will post 1.99 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, November 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. CSX's dividend payout ratio is currently 32.37%.

CSX Profile

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.

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