Ninety One UK Ltd Makes New $574,000 Investment in CSX Corporation $CSX

Ninety One UK Ltd acquired a new position in CSX Corporation (NASDAQ:CSX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,346 shares of the transportation company’s stock, valued at approximately $574,000.

Several other large investors also recently made changes to their positions in CSX. BlackRock Inc. acquired a new stake in shares of CSX in the second quarter valued at $7,655,277,000. XXEC Inc. bought a new position in shares of CSX in the second quarter valued at about $765,595,000. Bank of America Corp DE acquired a new position in CSX during the 2nd quarter worth about $1,598,962,000. Bank of New York Mellon Corp acquired a new position in CSX during the 2nd quarter worth about $950,325,000. Finally, Legal & General Group Plc acquired a new position in CSX during the 2nd quarter worth about $747,001,000. Institutional investors own 73.57% of the company’s stock.

Insider Transactions at CSX

In related news, CAO Angela Williams sold 30,000 shares of CSX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $53.29, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Burns sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was 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 $3,141,993.24. This represents a 17.90% 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: 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%

NASDAQ CSX opened at $48.69 on Friday. The stock has a fifty day moving average of $48.81 and a 200-day moving average of $47.30. The stock has a market capitalization of $90.20 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21. 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.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that CSX Corporation will post 1.99 EPS for the current year.

CSX Dividend Announcement

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 $0.14 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.56 annualized dividend and a yield of 1.2%. CSX’s dividend payout ratio (DPR) is currently 32.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CSX shares. Argus set a $56.00 price objective on shares of CSX in a report on Friday, July 31st. Morgan Stanley set a $32.00 target price on shares of CSX and gave the stock an “underweight” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $59.00 target price on shares of CSX in a research note on Friday, July 24th. TD Cowen upped their target price on shares of CSX from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Stephens initiated coverage on shares of CSX in a research report on Wednesday, July 8th. They set an “overweight” rating and a $57.00 target price on the stock. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CSX presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.94.

About CSX

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.