NTV Asset Management LLC Acquires 23,260 Shares of CSX Corporation $CSX

Key Points

• NTV Asset Management increased its CSX stake by 212.6% in the third quarter, purchasing 23,260 additional shares and bringing its holdings to 34,203 shares valued at approximately $1.59 million. Institutional investors collectively own 73.57% of CSX.
• CSX reported quarterly earnings of $0.57 per share on $4.02 billion in revenue, exceeding analyst expectations and marking 12% year-over-year revenue growth. The company also declared a quarterly dividend of $0.14 per share, equivalent to a 1.1% annual yield.
• Analysts maintain a generally positive view, with 18 Buy ratings, seven Holds and one Sell, producing a consensus “Moderate Buy” rating and an average price target of $52.02. However, some analysts cite CSX’s relatively high valuation and longer-term risks.

NTV Asset Management LLC lifted its holdings in CSX Corporation (NASDAQ:CSX - Free Report) by 212.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,203 shares of the transportation company's stock after buying an additional 23,260 shares during the quarter. NTV Asset Management LLC's holdings in CSX were worth $1,591,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of CSX during the 2nd quarter valued at about $7,655,277,000. Bank of America Corp DE acquired a new stake in CSX during the second quarter worth about $1,598,962,000. Bank of New York Mellon Corp acquired a new stake in CSX during the second quarter worth about $950,325,000. XXEC Inc. bought a new position in CSX in the second quarter worth about $765,595,000. Finally, Legal & General Group Plc bought a new position in CSX in the second quarter worth about $747,001,000. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Down 1.7%

CSX stock opened at $50.79 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.72 and a current ratio of 0.84. CSX Corporation has a one year low of $33.63 and a one year high of $53.60. The company has a 50-day simple moving average of $48.70 and a 200-day simple moving average of $47.61. The firm has a market capitalization of $93.63 billion, a P/E ratio of 26.32, a P/E/G ratio of 2.38 and a beta of 1.21.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. CSX had a net margin of 23.97% and a return on equity of 25.94%. CSX's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. As a group, equities analysts expect that CSX Corporation will post 2.01 earnings per share for the current year.

CSX Dividend Announcement

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

Key CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Q3 earnings beat expectations: CSX reported revenue of $4.02 billion, up 12% year over year and above the $3.96 billion consensus estimate. Adjusted earnings of $0.57 per share exceeded expectations of approximately $0.52-$0.53 and rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Volume and margins improved: Freight volume increased 5%, while intermodal volume climbed 7% to a record level. Higher pricing, cost controls and a 3% reduction in nonfuel costs helped drive substantial operating-income and profit growth despite higher fuel expenses. CSX Three Key Takeaways
• Positive Sentiment: Constructive outlook: Management is targeting high-single-digit revenue growth in 2026 and more than 350 basis points of operating-margin expansion, reinforcing the view that execution and industrial demand are improving. CSX Projects 2026 Growth
• Positive Sentiment: Analyst targets increased: Bank of America raised its price target to $57 and maintained a Buy rating, while JPMorgan lifted its target to $58 and reiterated Overweight. CSX Analysts Boost Forecasts
• Neutral Sentiment: Railroads may gain a competitive advantage as elevated fuel costs weigh more heavily on trucking, potentially supporting freight conversions to rail. US Railroads Pull Ahead
• Negative Sentiment: CSX trades at a relatively demanding valuation, and Morgan Stanley maintained a Sell rating with a $32 target, citing valuation and longer-term risks. Raymond James also cut its target to $53.
• Negative Sentiment: A law firm is investigating potential class-action claims related to a reported customer data breach, creating possible legal, reputational and compliance costs. CSX Data Breach Investigation

Analyst Ratings Changes

A number of brokerages have commented on CSX. Raymond James Financial set a $55.00 target price on CSX in a research note on Friday. Stifel Nicolaus set a $54.00 target price on CSX in a report on Thursday, July 23rd. Citigroup reiterated a "neutral" rating and set a $54.00 price target (up from $53.00) on shares of CSX in a research report on Friday. Stephens started coverage on CSX in a report on Wednesday, July 8th. They issued an "overweight" rating and a $57.00 price target on the stock. Finally, UBS Group set a $54.00 price objective on CSX in a research report on Thursday. Eighteen 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.02.

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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