11,450 CSX Corporation $CSX Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its holdings in CSX Corporation (NASDAQ:CSX) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,425 shares of the transportation company’s stock after selling 11,450 shares during the quarter. CSX comprises 1.0% of Skylands Capital LLC’s holdings, making the stock its 28th largest position. Skylands Capital LLC’s holdings in CSX were worth $8,019,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Capstone Capital Management Ltd purchased a new stake in CSX in the third quarter valued at approximately $994,000. Newman Dignan & Sheerar Inc. acquired a new position in CSX in the 3rd quarter worth approximately $224,000. Nisa Investment Advisors LLC raised its position in CSX by 3.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 921,273 shares of the transportation company’s stock worth $42,848,000 after buying an additional 31,421 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in CSX by 394.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,480,259 shares of the transportation company’s stock worth $68,847,000 after buying an additional 1,180,811 shares during the last quarter. Finally, Miller Financial Services LLC raised its position in CSX by 9.4% during the 3rd quarter. Miller Financial Services LLC now owns 11,663 shares of the transportation company’s stock worth $542,000 after buying an additional 1,003 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Insider Transactions at CSX

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

More CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates: CSX reported $0.57 in diluted EPS versus the $0.53 consensus estimate and revenue of $4.02 billion versus $3.96 billion expected. Revenue increased 12% year over year, while EPS rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability improved substantially: Operating income reached $1.57 billion, up 44% year over year, and net earnings rose to $1.05 billion. Compared with adjusted year-ago results, operating income increased 25%, net earnings 29%, and EPS 30%. The operating margin expanded to 39.1%, an 880-basis-point improvement. CSX Corp. Announces Third Quarter 2026 Results
• Positive Sentiment: Freight demand supported the quarter: Total volume increased 5% to 1.69 million units, led by 7% growth in intermodal traffic. Higher freight volumes and fuel surcharges helped produce record quarterly revenue. Intermodal and Coal Help Drive CSX to Record Q3 Revenue
• Neutral Sentiment: Analyst views remain mixed: TD Cowen maintained a $54 price target, while Raymond James reduced its target from $56 to $53. The lowered target may limit near-term upside expectations despite the earnings beat. Raymond James Cuts CSX Price Target
• Negative Sentiment: Workforce reductions highlight efficiency efforts: CSX eliminated more than 100 management positions. The move could support future cost control, but it also signals ongoing restructuring and may raise concerns about operating conditions or growth prospects. CSX Eliminates More Than 100 Management Positions

CSX Stock Up 0.7%

Shares of NASDAQ CSX opened at $48.40 on Thursday. The firm has a market cap of $89.66 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21. The company’s 50-day simple moving average is $48.66 and its 200-day simple moving average is $47.51. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. CSX Corporation has a 52-week low of $33.63 and a 52-week high of $53.60.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.96 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. Equities analysts predict that CSX Corporation will post 1.99 EPS for the current fiscal year.

CSX Dividend Announcement

The company 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 dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. CSX’s payout ratio is 32.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CSX shares. Evercore set a $51.00 target price on shares of CSX in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $59.00 price target on shares of CSX in a research report on Friday, July 24th. Weiss Ratings raised CSX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price objective on CSX from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Wall Street Zen lowered CSX from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.17.

CSX Company Profile

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.