Rep. Bruce Westerman Buys CSX Co. (NASDAQ:CSX) Shares

Representative Bruce Westerman (R-Arkansas) recently bought shares of CSX Co. NASDAQ: CSX. In a filing disclosed on May 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in CSX stock on April 8th. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of UniCredit OTCMKTS: UNCRY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Siemens Aktiengesellschaft OTCMKTS: SIEGY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of GSK NYSE: GSK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 4/21/2025.
• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 4/21/2025.

CSX Price Performance

Shares of NASDAQ:CSX opened at $30.54 on Wednesday. CSX Co. has a 12 month low of $26.22 and a 12 month high of $37.10. The firm has a market capitalization of $57.37 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The company's fifty day moving average price is $28.76 and its 200 day moving average price is $31.81.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, sell-side analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is 31.14%.

Hedge Funds Weigh In On CSX

Large investors have recently modified their holdings of the business. Norges Bank purchased a new position in CSX in the fourth quarter worth $780,194,000. Ameriprise Financial Inc. grew its stake in shares of CSX by 89.7% during the 4th quarter. Ameriprise Financial Inc. now owns 20,856,567 shares of the transportation company's stock worth $673,025,000 after purchasing an additional 9,863,587 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of CSX by 40.5% in the 4th quarter. Bank of New York Mellon Corp now owns 23,350,087 shares of the transportation company's stock valued at $753,507,000 after purchasing an additional 6,730,316 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CSX in the first quarter valued at about $182,550,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of CSX by 471.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,748,661 shares of the transportation company's stock valued at $217,808,000 after purchasing an additional 5,568,624 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CSX shares. Jefferies Financial Group cut their price target on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Stephens reaffirmed an "overweight" rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Royal Bank of Canada reduced their price target on shares of CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Benchmark reissued a "buy" rating and set a $35.00 price objective on shares of CSX in a research report on Thursday, April 17th. Finally, BMO Capital Markets reduced their target price on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, CSX currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

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