CSX Corporation $CSX Shares Sold by Mount Vernon Associates Inc. MD

Mount Vernon Associates Inc. MD lowered its stake in CSX Corporation (NASDAQ:CSX) by 50.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,000 shares of the transportation company’s stock after selling 45,000 shares during the quarter. CSX comprises about 1.1% of Mount Vernon Associates Inc. MD’s portfolio, making the stock its 24th biggest holding. Mount Vernon Associates Inc. MD’s holdings in CSX were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crestwood Advisors Group LLC purchased a new position in shares of CSX during the 2nd quarter worth approximately $237,000. City Holding Co. lifted its stake in CSX by 91.8% during the third quarter. City Holding Co. now owns 47,821 shares of the transportation company’s stock worth $1,698,000 after purchasing an additional 22,883 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of CSX by 32.8% during the first quarter. Belpointe Asset Management LLC now owns 9,875 shares of the transportation company’s stock worth $291,000 after buying an additional 2,438 shares during the period. Arkadios Wealth Advisors grew its stake in shares of CSX by 83.4% in the second quarter. Arkadios Wealth Advisors now owns 48,182 shares of the transportation company’s stock valued at $1,572,000 after buying an additional 21,906 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of CSX by 89.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 26,745 shares of the transportation company’s stock valued at $873,000 after buying an additional 12,591 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Trading Down 0.3%

Shares of NASDAQ:CSX opened at $35.20 on Friday. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $37.54. The company’s 50 day moving average is $35.74 and its two-hundred day moving average is $34.93. The company has a market cap of $65.55 billion, a PE ratio of 23.01, a P/E/G ratio of 2.74 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.45.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, October 16th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.60 billion. CSX had a net margin of 20.55% and a return on equity of 24.95%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. Equities analysts predict that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at CSX

In other CSX news, CEO Stephen F. Angel purchased 55,000 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was purchased at an average cost of $36.87 per share, with a total value of $2,027,850.00. Following the completion of the acquisition, the chief executive officer directly owned 58,234 shares of the company’s stock, valued at $2,147,087.58. This trade represents a 1,700.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael S. Burns sold 24,249 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $36.76, for a total transaction of $891,393.24. Following the sale, the senior vice president directly owned 51,640 shares in the company, valued at approximately $1,898,286.40. The trade was a 31.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company raised CSX from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $37.00 to $40.00 in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of CSX from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Cowen reiterated a “buy” rating on shares of CSX in a report on Friday, October 17th. Jefferies Financial Group set a $42.00 price target on shares of CSX and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, The Goldman Sachs Group upped their price objective on CSX from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.88.

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Company announced elimination of 166 management positions intended to reduce costs and streamline operations, which could support margins if execution is smooth. CSX cuts 166 management positions amid industry uncertainty and looming rival merger
• Neutral Sentiment: CSX purchased a Selkirk office building for $5 million — a small, localized real estate transaction with limited balance-sheet or operational impact. CSX buys Selkirk office building for $5 million
• Neutral Sentiment: Local road closures in eastern Hillsborough County for CSX railroad crossing repairs will cause short-term traffic disruptions but are unlikely to move company-wide financials. CSX railroad crossing repairs to close 10 eastern Hillsborough roads
• Neutral Sentiment: Market commentary pieces (e.g., buy/hold analysis) are circulating and may influence investor interest but do not introduce new company-specific facts. Should You Think About Buying CSX Corporation (NASDAQ:CSX) Now?
• Negative Sentiment: Multiple outlets report that cuts include conductor furloughs in addition to manager layoffs — a development that raises investor concern about weakening freight volumes, service disruption risk, and broader industry uncertainty (including a rival merger). That combination is likely the primary driver of downward pressure on the stock. CSX lays off 166 managerial workers, furloughs conductors
• Negative Sentiment: CSX settled a worker’s claim alleging firing tied to medical leave — a legal/reputational issue that could add costs or scrutiny depending on follow-up claims or regulatory interest. CSX Settles Worker’s Allegations of Firing Tied to Medical Leave

CSX Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.