CSX Corporation $CSX Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of CSX Corporation (NASDAQ:CSX) by 41.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,146,660 shares of the transportation company’s stock after acquiring an additional 336,342 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CSX were worth $53,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Evolve Private Wealth LLC bought a new position in CSX during the second quarter worth $693,000. M. Kulyk & Associates LLC bought a new position in shares of CSX in the second quarter valued at about $8,145,000. Wealthfront Advisers LLC bought a new position in shares of CSX in the second quarter valued at about $7,609,000. First National Bank of Omaha acquired a new stake in shares of CSX during the 2nd quarter worth about $6,248,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of CSX during the 2nd quarter worth about $6,598,000. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Performance

Shares of CSX stock traded down $0.01 during trading on Friday, reaching $48.68. The company’s stock had a trading volume of 9,825,551 shares, compared to its average volume of 10,324,527. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. The business’s 50-day moving average price is $48.77 and its 200-day moving average price is $47.31. CSX Corporation has a 52 week low of $33.63 and a 52 week high of $53.60. The firm has a market cap of $90.18 billion, a PE ratio of 28.14, a P/E/G ratio of 2.30 and a beta of 1.21.

CSX (NASDAQ:CSX) last released its quarterly 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 for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm earned $0.44 earnings per share. CSX’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts forecast that CSX Corporation will post 1.99 earnings per share for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, November 30th. CSX’s dividend payout ratio is presently 32.37%.

Insider Transactions at CSX

In other CSX news, SVP Michael S. Burns sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the transaction, the senior vice president directly owned 59,643 shares in the company, valued at $3,141,993.24. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Angela C. Williams sold 30,000 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $53.29, for a total value of $1,598,700.00. Following the sale, the chief accounting officer owned 10,437 shares of the company’s stock, valued at $556,187.73. The trade was a 74.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSX. Robert W. Baird lifted their target price on shares of CSX from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Citigroup restated a “cautious” rating on shares of CSX in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $59.00 price objective on shares of CSX in a research report on Friday, July 24th. TD Cowen boosted their price objective on CSX from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen downgraded CSX from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.17.

CSX News Summary

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX’s rail network was highlighted as an economic moat because building a competing freight system would require enormous capital and decades to replicate. That structural advantage supports long-term pricing power and the company’s dividend appeal. 3 Dividend Stocks With Economic Moats That Are Almost Impossible to Cross
• Positive Sentiment: TD Cowen reportedly maintained a constructive outlook and set a $54 price target following CSX’s announcement that COO Mike Cory is retiring. The target remains above the stock’s recent trading level, although the leadership transition could create near-term uncertainty. CSX retires COO Mike Cory
• Neutral Sentiment: Wall Street estimates for CSX’s quarter ended September 2026 are being examined ahead of earnings, with investors watching revenue, volumes, pricing, operating efficiency and other key metrics—not just earnings per share and sales. Unlocking Q3 Potential of CSX
• Neutral Sentiment: Raymond James lowered its CSX price target to $53 from $56. The reduction may temper enthusiasm, but the revised target still implies upside relative to the recent share price. Raymond James Adjusts CSX Price Target
• Negative Sentiment: CSX’s COO retirement and the reassignment of direct reports to the CEO raise questions about leadership continuity and execution during the upcoming earnings period. Local concerns about a deteriorating bridge associated with CSX also create reputational and potential infrastructure-cost risks, though neither issue currently indicates a material financial impact. How CSX’s COO Retirement May Influence Investors

CSX Company 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.