CSX Corporation $CSX Stake Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in CSX Corporation (NASDAQ:CSX) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 346,965 shares of the transportation company’s stock after selling 13,581 shares during the quarter. Vontobel Holding Ltd.’s holdings in CSX were worth $16,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in CSX during the second quarter worth about $7,655,277,000. XXEC Inc. acquired a new position in CSX in the 2nd quarter valued at about $765,595,000. Bank of America Corp DE purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $1,598,962,000. Bank of New York Mellon Corp purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $950,325,000. Finally, Legal & General Group Plc purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $747,001,000. 73.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSX has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of CSX from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of CSX from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Argus set a $56.00 price objective on CSX in a report on Friday, July 31st. Evercore set a $51.00 price objective on CSX in a research report on Thursday, July 23rd. Finally, Truist Financial set a $46.00 price objective on CSX in a research report on Friday, July 10th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.17.

CSX Stock Down 0.0%

Shares of CSX opened at $48.68 on Friday. The firm has a market cap of $90.18 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21. CSX Corporation has a 12-month low of $33.63 and a 12-month high of $53.60. The company’s 50-day moving average price is $48.77 and its 200 day moving average price is $47.31. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, beating 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 company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. CSX’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, sell-side analysts forecast that CSX Corporation will post 1.99 earnings per share for the current year.

CSX Dividend Announcement

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

Insider Transactions at CSX

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

Key Stories Impacting CSX

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 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.