CSX Corporation $CSX Holdings Raised by NTV Asset Management LLC

NTV Asset Management LLC lifted its stake in shares of CSX Corporation (NASDAQ:CSX) by 212.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,203 shares of the transportation company’s stock after purchasing an additional 23,260 shares during the quarter. NTV Asset Management LLC’s holdings in CSX were worth $1,591,000 at the end of the most recent reporting period.

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

CSX Price Performance

NASDAQ:CSX opened at $50.79 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $48.70 and its 200 day moving average price is $47.61. CSX Corporation has a 52-week low of $33.63 and a 52-week high of $53.60. The firm has a market cap of $93.63 billion, a P/E ratio of 26.32, a PEG ratio of 2.38 and a beta of 1.21.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. CSX had a net margin of 23.97% and a return on equity of 25.94%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the company earned $0.44 EPS. CSX’s revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that CSX Corporation will post 2.01 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.56 annualized dividend and a yield of 1.1%. CSX’s dividend payout ratio is currently 29.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CSX. Evercore set a $53.00 price target on shares of CSX in a research note on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of CSX in a research note on Thursday. Robert W. Baird raised their price objective on shares of CSX from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Benchmark reissued a “buy” rating and set a $54.00 target price (up from $48.00) on shares of CSX in a report on Wednesday, July 15th. Finally, TD Cowen restated a “buy” rating and issued a $55.00 target price (up from $54.00) 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.02.

CSX News Summary

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

About CSX

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.