Handelsbanken Fonder AB Lowers Position in CSX Corporation $CSX

Handelsbanken Fonder AB decreased its stake in shares of CSX Corporation (NASDAQ:CSX) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,000,655 shares of the transportation company’s stock after selling 61,967 shares during the quarter. Handelsbanken Fonder AB owned about 0.05% of CSX worth $35,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSX. Brighton Jones LLC grew its position in shares of CSX by 5.5% during the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after purchasing an additional 849 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in CSX by 83.4% during the 2nd 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. Elyxium Wealth LLC bought a new stake in CSX in the 2nd quarter worth approximately $205,000. Crestwood Advisors Group LLC purchased a new stake in shares of CSX during the 2nd quarter worth approximately $237,000. Finally, Resolute Wealth Strategies LLC bought a new position in shares of CSX during the 2nd quarter valued at approximately $210,000. 73.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Stephen Fortune sold 31,456 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $38.65, for a total value of $1,215,774.40. Following the completion of the sale, the executive vice president owned 82,034 shares in the company, valued at approximately $3,170,614.10. The trade was a 27.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Diana B. Sorfleet sold 90,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $41.56, for a total value of $3,740,400.00. Following the transaction, the chief accounting officer owned 165,613 shares in the company, valued at $6,882,876.28. The trade was a 35.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 188,123 shares of company stock valued at $7,454,854 in the last quarter. 0.55% of the stock is owned by company insiders.

More CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Board raises quarterly dividend 8% to $0.14/share (annualized yield ~1.3%), reinforcing return-of-capital policy and signaling financial confidence; this is the primary driver of today’s positive sentiment. CSX Corporation Announces Increase to Quarterly Dividend
• Positive Sentiment: Analyst / press coverage frames the dividend hike and ongoing buybacks as a shareholder-friendly capital allocation strategy that can support valuation and attract income‑oriented investors. CSX Rewards Shareholders With 8% Hike in Quarterly Dividend
• Neutral Sentiment: Industry briefs (Railway Age) note routine Class I activity including CSX — useful context on sector trends but no single operational development that changes near-term fundamentals. Class I Briefs: CSX, CPKC, UP
• Neutral Sentiment: Local coverage highlights CSX’s size and role in Florida’s economy (top‑10 list for state companies) — reputationally positive but unlikely to move the stock materially on its own. Jacksonville company ranks among top 10 richest companies in Florida
• Neutral Sentiment: CEO feature pieces (profile/interview) provide management color and continuity — useful for longer-term investor conviction but not an immediate catalyst. CSX CEO says he ‘flunked retirement’ and found the right fit
• Negative Sentiment: Insider and institutional activity is mixed — Quiver/other summaries note several insider sales in recent months and large institutional rebalancings; that raises some caution about near-term conviction among certain holders. Investors should watch insider flows and institutional position changes for any shift in sentiment. CSX Corp. Approves $0.14 Quarterly Dividend, Reflecting 8% Increase

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of CSX in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of CSX from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. TD Cowen reaffirmed a “buy” rating on shares of CSX in a report on Monday, January 12th. Rothschild & Co Redburn boosted their price objective on CSX from $39.00 to $42.50 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of CSX in a research note on Friday, January 23rd. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.77.

CSX Stock Up 0.1%

Shares of CSX opened at $42.69 on Friday. The firm has a market capitalization of $79.38 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.18 and a beta of 1.30. CSX Corporation has a 12-month low of $26.22 and a 12-month high of $42.81. The company has a current ratio of 0.81, a quick ratio of 0.69 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average price of $38.26 and a 200-day moving average price of $36.10.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). CSX had a return on equity of 23.88% and a net margin of 20.50%.The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the business earned $0.42 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts expect that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.14 per share. This is a boost from CSX’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. CSX’s payout ratio is presently 33.77%.

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.