CSX Corporation $CSX Shares Newly Bought by USA Financial Formulas

Key Points

• USA Financial Formulas bought 30,432 CSX shares worth approximately $1.4 million during the third quarter. Institutional investors collectively own 73.57% of the railroad operator.
• CSX reported quarterly earnings of $0.54 per share, exceeding estimates by $0.02, while revenue rose 10.1% year over year to $3.94 billion. The company also declared a quarterly dividend of $0.14 per share, yielding about 1.2% annually.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $51.17 price target, though leadership uncertainty follows COO Mike Cory’s retirement and recent insider share sales.

USA Financial Formulas purchased a new stake in CSX Corporation (NASDAQ:CSX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,432 shares of the transportation company's stock, valued at approximately $1,415,000. CSX makes up 0.3% of USA Financial Formulas' holdings, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of CSX during the 2nd quarter worth approximately $7,655,277,000. Bank of America Corp DE purchased a new stake in CSX during the second quarter valued at approximately $1,598,962,000. Bank of New York Mellon Corp acquired a new stake in CSX in the second quarter valued at approximately $950,325,000. XXEC Inc. acquired a new stake in CSX in the second quarter valued at approximately $765,595,000. Finally, Legal & General Group Plc acquired a new stake in CSX in the second quarter valued at approximately $747,001,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Stock Performance

CSX opened at $48.68 on Friday. CSX Corporation has a 52-week low of $33.63 and a 52-week high of $53.60. 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 company has a market cap of $90.18 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21. The firm's 50-day moving average price is $48.77 and its 200-day moving average price is $47.31.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. CSX's revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. As a group, equities analysts anticipate that CSX Corporation will post 1.99 EPS for the current fiscal year.

CSX Announces Dividend

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

Key Headlines Impacting CSX

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 Buying and Selling

In other CSX news, CAO Angela C. Williams sold 30,000 shares of the firm's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $53.29, for a total value of $1,598,700.00. Following the completion of the transaction, the chief accounting officer owned 10,437 shares of the company's stock, valued at approximately $556,187.73. This trade represents a 74.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael S. Burns sold 13,000 shares of CSX stock in a transaction on Friday, July 24th. The stock was sold at an average price of $52.68, for a total transaction of $684,840.00. Following the sale, the senior vice president owned 59,643 shares of the company's stock, valued at $3,141,993.24. The trade was a 17.90% 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSX. TD Cowen lifted their price target on shares of CSX from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Evercore set a $51.00 price objective on CSX in a report on Thursday, July 23rd. Stifel Nicolaus set a $54.00 price objective on CSX in a report on Thursday, July 23rd. Royal Bank Of Canada lowered their price objective on CSX from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Finally, Wells Fargo & Company boosted their target price on CSX from $50.00 to $54.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 8th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.17.

About CSX

CSX Corporation is a transportation company whose primary business is freight railroading through its CSX Transportation subsidiary. The company operates an extensive rail network across the eastern United States, serving major industrial centers, population hubs, ports and distribution markets.

CSX transports a broad range of products, including chemicals, agricultural and food products, forest products, minerals, metals, automotive goods and other manufactured merchandise. Its services also include intermodal transportation, which combines rail service with trucks and containers, as well as the movement of coal and other bulk commodities.

The company traces its roots to the formation of CSX Corporation in 1980 through the merger of Chessie System and Seaboard Coast Line Industries.

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