CSX (NASDAQ:CSX) CAO Angela Williams Sells 30,000 Shares of Stock

CSX Corporation (NASDAQ:CSX) CAO Angela Williams sold 30,000 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $53.29, for a total value of $1,598,700.00. Following the transaction, the chief accounting officer owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. The trade was a 74.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CSX Stock Performance

CSX stock opened at $50.84 on Wednesday. CSX Corporation has a twelve month low of $31.80 and a twelve month high of $53.60. The firm has a market cap of $94.18 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.39 and a beta of 1.21. The business’s fifty day simple moving average is $47.91 and its two-hundred day simple moving average is $43.43. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Analysts predict that CSX Corporation will post 1.98 earnings per share for the current year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s dividend payout ratio is currently 32.37%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CSX shares. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 price target on shares of CSX in a research note on Thursday, April 23rd. Citigroup raised their price objective on CSX from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 target price on shares of CSX in a research report on Monday, July 13th. Barclays reiterated an “overweight” rating and issued a $60.00 target price (up from $55.00) on shares of CSX in a report on Thursday, July 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $52.00 price target (up from $49.00) on shares of CSX in a research report on Thursday, July 23rd. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $51.17.

Institutional Trading of CSX

Hedge funds have recently bought and sold shares of the stock. Canada Post Corp Registered Pension Plan lifted its stake in shares of CSX by 34.2% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 96,484 shares of the transportation company’s stock worth $3,498,000 after purchasing an additional 24,566 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in CSX by 26.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 111,914 shares of the transportation company’s stock valued at $4,057,000 after purchasing an additional 23,072 shares during the last quarter. Farther Finance Advisors LLC grew its stake in CSX by 159.5% in the fourth quarter. Farther Finance Advisors LLC now owns 73,410 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 45,116 shares during the last quarter. KTF Investments LLC bought a new position in CSX in the fourth quarter worth about $1,325,000. Finally, BNB Wealth Management LLC bought a new position in CSX in the fourth quarter worth about $1,125,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX News Summary

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Investors purchased 32,791 CSX call options, about 95% above the stock’s typical daily call volume. The activity may indicate increased bullish positioning, although options flows do not necessarily predict future performance.
• Neutral Sentiment: Conrail CEO Gorton is retiring. Because Conrail is co-owned by CSX and Norfolk Southern, the leadership change could create some uncertainty, but the immediate financial effect on CSX is unclear. Conrail CEO Gorton retiring
• Neutral Sentiment: A CSX railroad crossing on State Road 60 in Florida is scheduled to remain closed for two weeks for maintenance or related work. The disruption appears localized and is unlikely to materially affect companywide results. CSX railroad crossing closure
• Negative Sentiment: Two people suffered critical injuries while cranes were being scrapped at a CSX intermodal facility in Jacksonville. The incident could bring operational, regulatory, liability, or reputational concerns, although its financial impact is not yet known. Jacksonville intermodal facility accident
• Negative Sentiment: Chief Accounting Officer Angela C. Williams sold 30,000 shares worth approximately $1.60 million, reducing her direct ownership by 74.19%. Senior Vice President Michael S. Burns also sold 13,000 shares valued at about $684,840, cutting his holdings by 17.90%. Multiple insider sales can weigh on sentiment, though such transactions may reflect personal financial planning rather than a view on CSX’s outlook. CSX insider stock sale

CSX Company 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.