Mather Group LLC. Buys 71,794 Shares of CSX Corporation $CSX

Key Points

• Mather Group increased its CSX stake by 83.3%, purchasing 71,794 additional shares to hold 157,946 shares valued at approximately $7.38 million. Institutional investors and hedge funds collectively own 73.57% of CSX.
• Analyst sentiment remains favorable, with 18 Buy, seven Hold, and one Sell rating producing a consensus “Moderate Buy” recommendation and an average price target of $50.94.
• CSX reported quarterly earnings of $0.54 per share and revenue of $3.94 billion, beating estimates and growing revenue 10.1% year over year; the company also announced a $0.14 quarterly dividend. However, two insiders sold shares, and COO Mike Cory’s retirement introduces a leadership transition.

Mather Group LLC. boosted its position in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 83.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,946 shares of the transportation company's stock after acquiring an additional 71,794 shares during the period. Mather Group LLC.'s holdings in CSX were worth $7,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of CSX by 26.5% during the third quarter. Fortitude Family Office LLC now owns 2,490 shares of the transportation company's stock worth $128,000 after buying an additional 522 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of CSX during the third quarter valued at $1,046,000. Firethorn Wealth Partners LLC increased its position in shares of CSX by 1.4% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 39,305 shares of the transportation company's stock valued at $1,828,000 after acquiring an additional 551 shares during the period. First Citizens Bank & Trust Co. increased its position in shares of CSX by 65.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 81,029 shares of the transportation company's stock valued at $3,769,000 after acquiring an additional 32,074 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new position in shares of CSX in the 3rd quarter valued at $396,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSX. Wall Street Zen downgraded shares of CSX from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Barclays reaffirmed an "overweight" rating and set a $60.00 price target (up from $55.00) on shares of CSX in a research report on Thursday, July 23rd. Argus set a $56.00 price target on CSX in a research report on Friday, July 31st. Stephens started coverage on CSX in a research note on Wednesday, July 8th. They set an "overweight" rating and a $57.00 price objective for the company. Finally, Evercore set a $51.00 price objective on CSX in a research note on Thursday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.94.

Insider Buying and Selling at CSX

In related news, CAO Angela C. Williams sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 10,437 shares of the company's stock, valued at approximately $556,187.73. This represents a 74.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael S. Burns sold 13,000 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $52.68, for a total value of $684,840.00. Following the transaction, the senior vice president owned 59,643 shares of the company's stock, valued at $3,141,993.24. This trade represents a 17.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.30% of the company's stock.

CSX Trading Up 0.8%

Shares of NASDAQ:CSX opened at $48.69 on Friday. CSX Corporation has a 1 year low of $33.63 and a 1 year high of $53.60. The firm has a market capitalization of $90.20 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72. The business's 50 day moving average price is $48.81 and its 200-day moving average price is $47.30.

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

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid 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 32.37%.

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Analysts expect CSX’s third-quarter results to reflect continued strength in merchandise, intermodal and coal shipments. Wall Street is also anticipating year-over-year earnings growth, which could support the stock if revenue and operating performance meet or exceed expectations. CSX Gears Up to Report Q3 Earnings
• Positive Sentiment: TD Cowen set a $54 price target for CSX, while the broader analyst target cited in coverage was approximately $51.09. These targets remain above the company’s recent trading range, indicating analysts generally see additional upside if execution improves. TD Cowen Sets Target for CSX
• Neutral Sentiment: Chief Operating Officer Mike Cory is retiring, and operational responsibilities are shifting directly to CEO Joe Hinrichs. The change introduces execution and continuity risk, but investors may view the streamlined reporting structure as a potential way to improve accountability. CSX COO Retirement and Leadership Shift
• Negative Sentiment: Raymond James lowered its CSX price target to $53 from $56. Although the revised target still implies upside, the reduction signals more cautious expectations for valuation or near-term railroad performance. Raymond James Adjusts CSX Price Target
• Negative Sentiment: CSX’s earnings preview highlights potential pressure from labor costs and rail-network issues. Another preview cautions that the company may lack the usual indicators of a strong earnings beat, increasing the risk of a muted reaction if results or guidance disappoint. CSX Earnings Expectations

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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