CSX (NASDAQ:CSX) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of CSX Co. NASDAQ: CSX. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in CSX stock on April 17th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.

CSX Price Performance

Shares of CSX traded up $0.23 during trading hours on Tuesday, reaching $30.54. The company had a trading volume of 16,825,175 shares, compared to its average volume of 12,783,687. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10. The firm has a 50 day simple moving average of $28.77 and a 200-day simple moving average of $31.82. The company has a market capitalization of $57.37 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.92 and a beta of 1.22.

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

CSX Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSX. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CSX during the fourth quarter valued at approximately $27,000. Rossby Financial LCC acquired a new stake in shares of CSX in the first quarter worth $28,000. Accredited Wealth Management LLC bought a new position in shares of CSX during the 4th quarter worth about $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX in the fourth quarter valued at about $29,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in CSX during the first quarter valued at about $30,000. Institutional investors own 73.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CSX shares. Jefferies Financial Group lowered their target price on CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI lowered their price objective on shares of CSX from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Barclays dropped their target price on shares of CSX from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. BMO Capital Markets dropped their price objective on shares of CSX from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $33.00 target price (down previously from $34.00) on shares of CSX in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.90.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.