CSX Corporation $CSX Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 829,769 shares of the transportation company's stock after selling 88,831 shares during the period. Commonwealth Equity Services LLC's holdings in CSX were worth $38,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CSX. Pathway Financial Advisers LLC purchased a new stake in shares of CSX in the third quarter worth $198,000. Chicago Partners Investment Group LLC raised its position in shares of CSX by 22.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,178 shares of the transportation company's stock valued at $771,000 after purchasing an additional 2,748 shares during the period. Covestor Ltd raised its position in shares of CSX by 51.7% during the 3rd quarter. Covestor Ltd now owns 619 shares of the transportation company's stock valued at $29,000 after purchasing an additional 211 shares during the period. Caldwell Trust Co lifted its stake in shares of CSX by 13.1% during the 3rd quarter. Caldwell Trust Co now owns 63,695 shares of the transportation company's stock valued at $2,962,000 after buying an additional 7,363 shares in the last quarter. Finally, JCIC Asset Management Inc. lifted its stake in shares of CSX by 3.4% during the 3rd quarter. JCIC Asset Management Inc. now owns 114,687 shares of the transportation company's stock valued at $5,334,000 after buying an additional 3,794 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America increased their price target on CSX from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, October 22nd. Citizens Jmp initiated coverage on CSX in a research report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $49.00 price objective on shares of CSX in a research note on Thursday, October 22nd. Benchmark reaffirmed a "buy" rating and issued a $54.00 price objective (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $59.00 target price on shares of CSX in a research report on Friday, July 24th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $52.20.

Trending Headlines about CSX

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

Insider Buying and Selling at CSX

In other news, Director John Zillmer sold 19,500 shares of the business's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $51.24, for a total transaction of $999,180.00. Following the completion of the sale, the director directly owned 334,214 shares of the company's stock, valued at approximately $17,125,125.36. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $49.12 on Monday. CSX Corporation has a 52 week low of $33.63 and a 52 week high of $53.60. The stock has a market capitalization of $90.55 billion, a P/E ratio of 25.45, a PEG ratio of 2.15 and a beta of 1.12. The firm has a fifty day simple moving average of $48.79 and a two-hundred day simple moving average of $45.89. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 1.19.

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

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date is Monday, November 30th. CSX's dividend payout ratio (DPR) is 29.02%.

About CSX

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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