CSX Corporation $CSX Stock Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of CSX Corporation (NASDAQ:CSX) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,688 shares of the transportation company’s stock after purchasing an additional 12,637 shares during the period. Kestra Advisory Services LLC’s holdings in CSX were worth $18,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at CSX

In other news, Director John Zillmer sold 19,500 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $51.24, for a total transaction of $999,180.00. Following the transaction, the director owned 334,214 shares of the company’s stock, valued at approximately $17,125,125.36. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

More CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Zacks Research raised several forecasts, including FY2026 EPS to $2.06 from $2.00 and FY2027 EPS to $2.32 from $2.14, signaling a more favorable earnings outlook. CSX stock gets higher 2026 earnings forecast from Zacks
• Neutral Sentiment: CSX’s CFO is due to speak at a Baird conference. The appearance may give investors clues about operating trends or guidance, but the reports do not indicate that new comments have been made yet. CSX stock faces fresh test before CFO speaks at Baird conference
• Negative Sentiment: Zacks trimmed its Q2 2028 EPS estimate to $0.53 from $0.54, a modest counterpoint to its other forecast increases that may contribute to investor caution. CSX stock faces higher earnings bar after Zacks upgrade
• Negative Sentiment: Local reports described a CSX train striking a semi-truck and a separate incident involving a teenager. The articles provide no indication of broader operational or financial consequences, but the incidents may draw safety scrutiny. CSX train hits semi-truck near downtown Decatur crossing

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSX. Royal Bank Of Canada reissued an “outperform” rating and issued a $54.00 target price (up from $53.00) on shares of CSX in a research note on Thursday, October 22nd. Bank of America lifted their price target on shares of CSX from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. TD Cowen reaffirmed a “buy” rating and set a $55.00 price target (up from $54.00) on shares of CSX in a research note on Thursday, October 22nd. Stifel Nicolaus set a $54.00 price target on shares of CSX in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of CSX from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.20.

CSX Stock Performance

CSX stock opened at $49.12 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.75 and a current ratio of 0.84. The company has a market capitalization of $90.55 billion, a PE ratio of 25.45, a P/E/G ratio of 2.15 and a beta of 1.12. The company has a 50 day moving average price of $48.79 and a 200-day moving average price of $45.89. CSX Corporation has a fifty-two week low of $33.63 and a fifty-two week high of $53.60.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.96 billion. CSX had a return on equity of 25.94% and a net margin of 23.97%. CSX’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, equities analysts forecast that CSX Corporation will post 2.05 earnings per share for the current 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 issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, November 30th. CSX’s dividend payout ratio is currently 29.02%.

About CSX

CSX Corporation is a freight transportation company that operates one of the largest rail networks in the eastern United States. Its rail system serves customers across much of the eastern U.S., as well as parts of Canada, and connects with other railroads and ports.

CSX transports a broad range of goods, including chemicals, agricultural and food products, automobiles, minerals, forest products, coal and intermodal freight. Its services include rail transportation, intermodal shipping that combines rail and truck transport, and related logistics and supply-chain services.

The company was formed in 1980 through the merger of Chessie System and Seaboard Coast Line Industries, combining railroads with histories dating to the 19th century.