71,794 CSX Corporation $CSX Shares Bought by Mather Group LLC.

Mather Group LLC. grew its holdings in CSX Corporation (NASDAQ:CSX) by 83.3% during the third quarter, HoldingsChannel reports. The fund owned 157,946 shares of the transportation company’s stock after purchasing an additional 71,794 shares during the period. Mather Group LLC.’s holdings in CSX were worth $7,379,000 as of its most recent SEC filing.

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

CSX News Summary

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CSX shares. Robert W. Baird raised their price target on CSX from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Royal Bank Of Canada reduced their price objective on CSX from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Benchmark reaffirmed a “buy” rating and set a $54.00 price objective (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Stephens began coverage on CSX in a research report on Wednesday, July 8th. They set an “overweight” rating and a $57.00 price objective for the company. Finally, Weiss Ratings upgraded CSX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.94.

CSX Stock Performance

NASDAQ:CSX opened at $48.69 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $90.20 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21. The firm has a 50-day moving average price of $48.81 and a two-hundred day moving average price of $47.30. CSX Corporation has a twelve month low of $33.63 and a twelve month high of $53.60.

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

CSX Dividend Announcement

The business also recently announced 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. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 30th. CSX’s payout ratio is presently 32.37%.

Insider Activity at CSX

In other CSX news, CAO Angela Williams sold 30,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $53.29, for a total transaction of $1,598,700.00. Following the transaction, the chief accounting officer owned 10,437 shares of the company’s stock, valued at $556,187.73. This trade represents a 74.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael Burns sold 13,000 shares of CSX stock in a transaction on Friday, July 24th. The shares were sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the transaction, the senior vice president owned 59,643 shares in the company, valued at approximately $3,141,993.24. This trade represents a 17.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

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.