Ninety One UK Ltd Makes New Investment in CSX Corporation $CSX

Ninety One UK Ltd purchased a new position in CSX Corporation (NASDAQ:CSX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,346 shares of the transportation company’s stock, valued at approximately $574,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PFG Private Wealth Management LLC grew its position in CSX by 2.7% during the third quarter. PFG Private Wealth Management LLC now owns 8,309 shares of the transportation company’s stock worth $386,000 after buying an additional 217 shares in the last quarter. State of Alaska Department of Revenue increased its stake in CSX by 1.6% during the third quarter. State of Alaska Department of Revenue now owns 247,309 shares of the transportation company’s stock valued at $12,626,000 after acquiring an additional 3,985 shares during the period. Charles Schwab Trust Co increased its stake in CSX by 13.0% during the third quarter. Charles Schwab Trust Co now owns 18,060 shares of the transportation company’s stock valued at $840,000 after acquiring an additional 2,083 shares during the period. Turtle Creek Wealth Advisors LLC increased its stake in CSX by 73.9% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 15,775 shares of the transportation company’s stock valued at $734,000 after acquiring an additional 6,706 shares during the period. Finally, Nvwm LLC raised its holdings in CSX by 2,182.9% in the 3rd quarter. Nvwm LLC now owns 799 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 764 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on CSX shares. Truist Financial set a $46.00 price target on CSX in a report on Friday, July 10th. Raymond James Financial reissued an “outperform” rating and set a $53.00 price objective on shares of CSX in a report on Thursday. Wells Fargo & Company boosted their price objective on CSX from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. TD Cowen boosted their price objective on CSX from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Citizens Jmp began coverage on CSX in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Eighteen investment 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.94.

Insider Activity

In related news, CAO Angela Williams sold 30,000 shares of CSX 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 directly owned 10,437 shares of the company’s stock, valued at $556,187.73. This trade represents a 74.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michael Burns sold 13,000 shares of the business’s stock in a transaction dated 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 owned 59,643 shares in the company, valued at approximately $3,141,993.24. This trade represents a 17.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Key Stories Impacting CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Analysts expect CSX’s third-quarter results to reflect continued strength in merchandise, intermodal and coal shipments. Wall Street is also anticipating year-over-year earnings growth, which could support the stock if revenue and operating performance meet or exceed expectations. CSX Gears Up to Report Q3 Earnings
• Positive Sentiment: TD Cowen set a $54 price target for CSX, while the broader analyst target cited in coverage was approximately $51.09. These targets remain above the company’s recent trading range, indicating analysts generally see additional upside if execution improves. TD Cowen Sets Target for CSX
• Neutral Sentiment: Chief Operating Officer Mike Cory is retiring, and operational responsibilities are shifting directly to CEO Joe Hinrichs. The change introduces execution and continuity risk, but investors may view the streamlined reporting structure as a potential way to improve accountability. CSX COO Retirement and Leadership Shift
• Negative Sentiment: Raymond James lowered its CSX price target to $53 from $56. Although the revised target still implies upside, the reduction signals more cautious expectations for valuation or near-term railroad performance. Raymond James Adjusts CSX Price Target
• Negative Sentiment: CSX’s earnings preview highlights potential pressure from labor costs and rail-network issues. Another preview cautions that the company may lack the usual indicators of a strong earnings beat, increasing the risk of a muted reaction if results or guidance disappoint. CSX Earnings Expectations

CSX Stock Up 0.8%

Shares of NASDAQ CSX opened at $48.69 on Friday. CSX Corporation has a 52-week low of $33.63 and a 52-week high of $53.60. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82. The business has a fifty day moving average of $48.81 and a two-hundred day moving average of $47.30. The stock has a market cap of $90.20 billion, a PE ratio of 28.14, a PEG ratio of 2.27 and a beta of 1.21.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts expect that CSX Corporation will post 1.99 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.14 per share. 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 (DPR) is currently 32.37%.

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.