CSX Corporation $CSX Holdings Trimmed by GPM Growth Investors Inc.

GPM Growth Investors Inc. reduced its position in shares of CSX Corporation (NASDAQ:CSX) by 34.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 57,504 shares of the transportation company’s stock after selling 29,980 shares during the period. CSX accounts for 1.2% of GPM Growth Investors Inc.’s investment portfolio, making the stock its 28th biggest position. GPM Growth Investors Inc.’s holdings in CSX were worth $2,675,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. JCIC Asset Management Inc. lifted its stake in CSX by 3.4% in the 3rd quarter. JCIC Asset Management Inc. now owns 114,687 shares of the transportation company’s stock worth $5,334,000 after acquiring an additional 3,794 shares in the last quarter. Focused Wealth Management Inc purchased a new position in CSX during the 3rd quarter valued at about $225,000. Rakuten Investment Management Inc. grew its stake in CSX by 10.2% during the 3rd quarter. Rakuten Investment Management Inc. now owns 493,565 shares of the transportation company’s stock valued at $23,163,000 after acquiring an additional 45,769 shares in the last quarter. Markel Group Inc. grew its stake in CSX by 2.2% during the 3rd quarter. Markel Group Inc. now owns 597,500 shares of the transportation company’s stock valued at $27,790,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Provenance Wealth Advisors LLC increased its holdings in shares of CSX by 31.8% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,763 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 667 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Insider Transactions at CSX

In other CSX news, Director John Zillmer sold 19,500 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $51.24, for a total value of $999,180.00. Following the completion of the sale, the director directly owned 334,214 shares of the company’s stock, valued at $17,125,125.36. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

CSX Stock Up 2.6%

CSX opened at $52.05 on Thursday. CSX Corporation has a fifty-two week low of $33.63 and a fifty-two week high of $53.60. The business has a 50-day moving average of $48.86 and a 200-day moving average of $45.75. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.75. The company has a market capitalization of $95.95 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. CSX had a return on equity of 25.94% and a net margin of 23.97%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Equities research analysts forecast that CSX Corporation will post 2.04 EPS for the current fiscal year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.14 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. CSX’s payout ratio is 29.02%.

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Zacks Research raised its earnings estimates across several periods: FY2026 EPS to $2.06 from $2.00, FY2027 to $2.32 from $2.14, and FY2028 to $2.38 from $2.27. It also lifted multiple quarterly forecasts, including Q2 2027 to $0.57 from $0.50. These upward revisions may support investor optimism about CSX’s earnings outlook.
• Positive Sentiment: A recent report points to productivity improvements lifting CSX’s 2026 outlook, a potential operational tailwind. CSX stock faces execution test as productivity lifts 2026 outlook
• Neutral Sentiment: Wall Street sentiment is described as moderately bullish, with CSX having outperformed the broader market over the past year; this is supportive context but not a new company-specific catalyst. Is Wall Street Bullish or Bearish on CSX Corporation Stock?
• Neutral Sentiment: CSX CFO Kevin Boone is scheduled to speak at the Baird Global Industrial Conference on November 11. Investors may look for additional commentary, but no new operating or financial information was included in the announcement. CSX CFO to Address Baird Global Industrial Conference

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSX shares. Weiss Ratings raised shares of CSX from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. Stifel Nicolaus set a $54.00 price objective on shares of CSX in a research note on Thursday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $54.00 target price (up from $53.00) on shares of CSX in a research report on Thursday, October 22nd. Susquehanna lifted their target price on shares of CSX from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. Finally, TD Cowen reissued a “buy” rating and set a $55.00 target price (up from $54.00) on shares of CSX in a research note on Thursday, October 22nd. Eighteen 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.20.

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.