CSX Corporation $CSX Shares Newly Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC bought a new position in CSX Corporation (NASDAQ:CSX) during the 3rd quarter, Holdings Channel.com reports. The fund bought 23,614 shares of the transportation company’s stock, valued at approximately $1,098,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gold Investment Management Ltd. increased its position in shares of CSX by 0.4% during the 3rd quarter. Gold Investment Management Ltd. now owns 126,167 shares of the transportation company’s stock valued at $5,868,000 after purchasing an additional 547 shares during the last quarter. Optivise Advisory Services LLC lifted its stake in shares of CSX by 5.6% in the 3rd quarter. Optivise Advisory Services LLC now owns 7,542 shares of the transportation company’s stock worth $351,000 after purchasing an additional 400 shares during the period. Robertson Stephens Wealth Management LLC lifted its stake in shares of CSX by 18.8% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 19,504 shares of the transportation company’s stock worth $907,000 after purchasing an additional 3,087 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of CSX in the third quarter worth approximately $271,000. Finally, USA Financial Formulas purchased a new position in shares of CSX in the third quarter worth approximately $1,415,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

CSX traded down $0.80 during midday trading on Monday, reaching $47.88. The company had a trading volume of 8,134,557 shares, compared to its average volume of 12,370,012. 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 has a 50-day moving average of $48.77 and a two-hundred day moving average of $47.37. The company has a market cap of $88.70 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.30 and a beta of 1.21. CSX Corporation has a 1 year low of $33.63 and a 1 year high of $53.60.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that CSX Corporation will post 1.99 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s dividend payout ratio is currently 32.37%.

Insider Activity at CSX

In other CSX news, SVP Michael Burns sold 13,000 shares of the firm’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 sale, the senior vice president owned 59,643 shares in the company, valued at approximately $3,141,993.24. This trade represents a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Angela Williams sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the sale, the chief accounting officer owned 10,437 shares in the company, valued at approximately $556,187.73. The trade was a 74.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX and BNSF Railway are launching a faster coast-to-coast domestic intermodal service. The partnership could improve transit times, strengthen CSX’s competitive position and support future intermodal volumes. BNSF and CSX team up for faster coast-to-coast domestic intermodal service
• Positive Sentiment: CSX is testing drones for railcar inspections at its Curtis Bay terminal. The technology may improve inspection speed, safety and operating efficiency, although the near-term financial impact is likely modest. CSX Uses Drones to Enhance Railcar Inspections at Curtis Bay Terminal
• Positive Sentiment: Investors purchased about 31,140 CSX call options, roughly 121% above typical daily call volume. This suggests increased bullish trading interest, though options activity is speculative and does not necessarily indicate sustained buying of the shares.
• Neutral Sentiment: CSX is due to report third-quarter results on October 21. The earnings release is the primary near-term catalyst and may drive a sharper move depending on results and guidance. CSX schedules third-quarter results
• Neutral Sentiment: Reports noting CSX’s premarket trading and upcoming earnings largely provide market context rather than new company-specific information. CSX results are due October 21
• Negative Sentiment: Raymond James lowered its CSX price target to $53 from $56. While the revised target remains above recent trading levels, the cut signals reduced analyst confidence or more conservative expectations ahead of earnings. Raymond James cuts target for CSX stock
• Negative Sentiment: CSX and other North American railroads face a test from diesel prices and fuel-related margins. Higher fuel costs could pressure profitability if they are not fully recovered through surcharges or pricing. CSX Stock and North American Rail Shares Facing a Diesel Margin Test
• Negative Sentiment: A fatal incident involving a CSX train in Ocala, Florida, creates potential reputational and safety concerns, although no immediate material financial impact was reported. CSX train hits and kills man in Ocala

Analyst Upgrades and Downgrades

CSX has been the subject of several recent research reports. Stifel Nicolaus set a $54.00 target price on shares of CSX in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $59.00 price target on shares of CSX in a research report on Friday, July 24th. Robert W. Baird increased their price target on shares of CSX from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Stephens started coverage on shares of CSX in a research note on Wednesday, July 8th. They set an “overweight” rating and a $57.00 price target on the stock. Finally, Truist Financial set a $46.00 price objective on shares of CSX in a research report on Friday, July 10th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.17.

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.