CSX Corporation $CSX Shares Newly Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC acquired a new stake in shares of CSX Corporation (NASDAQ:CSX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,614 shares of the transportation company’s stock, valued at approximately $1,098,000.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp bought a new stake in CSX during the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC purchased a new position in CSX in the second quarter worth about $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CSX in the second quarter worth approximately $29,000. Manning & Napier Advisors LLC bought a new position in shares of CSX in the second quarter worth approximately $30,000. Finally, Arlington Trust Co LLC lifted its stake in shares of CSX by 58.0% in the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after buying an additional 250 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

More CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX and BNSF Railway are launching a faster coast-to-coast domestic intermodal service. The partnership could improve transit times, strengthen CSX’s competitive position and support future intermodal volumes. BNSF and CSX team up for faster coast-to-coast domestic intermodal service
• Positive Sentiment: CSX is testing drones for railcar inspections at its Curtis Bay terminal. The technology may improve inspection speed, safety and operating efficiency, although the near-term financial impact is likely modest. CSX Uses Drones to Enhance Railcar Inspections at Curtis Bay Terminal
• Positive Sentiment: Investors purchased about 31,140 CSX call options, roughly 121% above typical daily call volume. This suggests increased bullish trading interest, though options activity is speculative and does not necessarily indicate sustained buying of the shares.
• Neutral Sentiment: CSX is due to report third-quarter results on October 21. The earnings release is the primary near-term catalyst and may drive a sharper move depending on results and guidance. CSX schedules third-quarter results
• Neutral Sentiment: Reports noting CSX’s premarket trading and upcoming earnings largely provide market context rather than new company-specific information. CSX results are due October 21
• Negative Sentiment: Raymond James lowered its CSX price target to $53 from $56. While the revised target remains above recent trading levels, the cut signals reduced analyst confidence or more conservative expectations ahead of earnings. Raymond James cuts target for CSX stock
• Negative Sentiment: CSX and other North American railroads face a test from diesel prices and fuel-related margins. Higher fuel costs could pressure profitability if they are not fully recovered through surcharges or pricing. CSX Stock and North American Rail Shares Facing a Diesel Margin Test
• Negative Sentiment: A fatal incident involving a CSX train in Ocala, Florida, creates potential reputational and safety concerns, although no immediate material financial impact was reported. CSX train hits and kills man in Ocala

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of recent analyst reports. Citigroup reiterated a “cautious” rating on shares of CSX in a report on Wednesday, October 7th. Argus set a $56.00 price objective on shares of CSX in a report on Friday, July 31st. Wall Street Zen lowered shares of CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Evercore set a $51.00 price objective on CSX in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on CSX from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Seventeen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and an average target price of $51.17.

CSX Stock Performance

NASDAQ CSX traded down $0.80 during trading hours on Monday, hitting $47.88. The company’s stock had a trading volume of 8,134,557 shares, compared to its average volume of 12,370,012. CSX Corporation has a 12 month low of $33.63 and a 12 month high of $53.60. The company’s 50 day simple moving average is $48.77 and its two-hundred day simple moving average is $47.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72. The company has a market cap of $88.70 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21.

CSX (NASDAQ:CSX) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, sell-side analysts expect that CSX Corporation will post 1.99 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s payout ratio is presently 32.37%.

Insider Activity at CSX

In related news, CAO Angela C. Williams sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 10,437 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, SVP Michael S. Burns sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the sale, the senior vice president owned 59,643 shares in the company, valued at $3,141,993.24. This represents a 17.90% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

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.