NBT Bank N.A. Makes New Investment in CSX Corporation $CSX

NBT Bank N.A. purchased a new position in shares of CSX Corporation (NASDAQ:CSX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,580 shares of the transportation company’s stock, valued at approximately $632,000.

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

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Q3 earnings beat expectations: CSX reported revenue of $4.02 billion, up 12% year over year and above the $3.96 billion consensus estimate. Adjusted earnings of $0.57 per share exceeded expectations of approximately $0.52-$0.53 and rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Volume and margins improved: Freight volume increased 5%, while intermodal volume climbed 7% to a record level. Higher pricing, cost controls and a 3% reduction in nonfuel costs helped drive substantial operating-income and profit growth despite higher fuel expenses. CSX Three Key Takeaways
• Positive Sentiment: Constructive outlook: Management is targeting high-single-digit revenue growth in 2026 and more than 350 basis points of operating-margin expansion, reinforcing the view that execution and industrial demand are improving. CSX Projects 2026 Growth
• Positive Sentiment: Analyst targets increased: Bank of America raised its price target to $57 and maintained a Buy rating, while JPMorgan lifted its target to $58 and reiterated Overweight. CSX Analysts Boost Forecasts
• Neutral Sentiment: Railroads may gain a competitive advantage as elevated fuel costs weigh more heavily on trucking, potentially supporting freight conversions to rail. US Railroads Pull Ahead
• Negative Sentiment: CSX trades at a relatively demanding valuation, and Morgan Stanley maintained a Sell rating with a $32 target, citing valuation and longer-term risks. Raymond James also cut its target to $53.
• Negative Sentiment: A law firm is investigating potential class-action claims related to a reported customer data breach, creating possible legal, reputational and compliance costs. CSX Data Breach Investigation

CSX Price Performance

Shares of CSX opened at $50.79 on Friday. CSX Corporation has a 1 year low of $33.63 and a 1 year high of $53.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.72. The company has a market capitalization of $94.09 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.42 and a beta of 1.21. The business has a 50-day moving average of $48.70 and a 200-day moving average of $47.61.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, October 21st. The transportation company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. CSX had a return on equity of 25.94% and a net margin of 23.97%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that CSX Corporation will post 2.00 earnings per share for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, November 30th. This represents a $0.56 annualized dividend and a yield of 1.1%. CSX’s dividend payout ratio (DPR) is presently 29.02%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of recent research reports. Weiss Ratings raised CSX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $59.00 price objective on shares of CSX in a research note on Friday, July 24th. Morgan Stanley set a $32.00 price objective on CSX and gave the company an “underweight” rating in a research note on Monday, July 6th. Stifel Nicolaus set a $54.00 target price on shares of CSX in a research report on Thursday, July 23rd. Finally, UBS Group set a $54.00 target price on shares of CSX in a research report on Thursday. Eighteen analysts have rated the stock with a Buy rating, seven have issued 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 an average price target of $52.02.

CSX Company Profile

CSX Corporation is a transportation company whose primary business is freight railroading through its CSX Transportation subsidiary. The company operates an extensive rail network across the eastern United States, serving major industrial centers, population hubs, ports and distribution markets.

CSX transports a broad range of products, including chemicals, agricultural and food products, forest products, minerals, metals, automotive goods and other manufactured merchandise. Its services also include intermodal transportation, which combines rail service with trucks and containers, as well as the movement of coal and other bulk commodities.

The company traces its roots to the formation of CSX Corporation in 1980 through the merger of Chessie System and Seaboard Coast Line Industries.