Rep. Bruce Westerman Sells CSX Co. (NASDAQ:CSX) Stock

Representative Bruce Westerman (R-Arkansas) recently sold shares of CSX Co. NASDAQ: CSX. In a filing disclosed on May 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in CSX stock on April 21st. 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 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.
• Sold $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 4/21/2025.

CSX Price Performance

Shares of NASDAQ:CSX traded up $0.02 during trading on Friday, reaching $31.32. 11,393,691 shares of the company's stock traded hands, compared to its average volume of 12,832,280. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The firm has a market cap of $58.84 billion, a PE ratio of 17.50, a P/E/G ratio of 1.92 and a beta of 1.22. The company has a 50-day simple moving average of $28.77 and a 200-day simple moving average of $31.79.

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 net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, analysts predict that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 30th. CSX's dividend payout ratio (DPR) is presently 31.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSX. JPMorgan Chase & Co. dropped their target price on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Susquehanna lowered their price objective on CSX from $37.00 to $35.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on CSX from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Argus set a $32.00 price objective on CSX in a report on Friday, April 25th. Finally, Barclays lowered their price objective on CSX from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, CSX has a consensus rating of "Moderate Buy" and a consensus price target of $33.90.

Institutional Trading of CSX

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of CSX by 14.7% during the 4th quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company's stock valued at $3,794,000 after buying an additional 15,029 shares during the period. Marshall Financial Group LLC purchased a new stake in shares of CSX during the 4th quarter valued at approximately $1,084,000. Carnegie Investment Counsel raised its position in shares of CSX by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock valued at $19,751,000 after buying an additional 8,474 shares during the period. Waycross Partners LLC raised its position in shares of CSX by 7.0% during the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock valued at $19,990,000 after buying an additional 40,611 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of CSX by 1.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,061,143 shares of the transportation company's stock valued at $34,243,000 after buying an additional 20,073 shares during the period. Hedge funds and other institutional investors own 73.57% of the company's stock.

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.

About CSX

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.