CSX Corporation $CSX Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its stake in CSX Corporation (NASDAQ:CSX) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,145 shares of the transportation company’s stock after selling 20,850 shares during the period. Oppenheimer & Co. Inc.’s holdings in CSX were worth $9,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Center for Financial Planning Inc. raised its stake in CSX by 188.9% in the 3rd quarter. Center for Financial Planning Inc. now owns 2,080 shares of the transportation company’s stock worth $97,000 after acquiring an additional 1,360 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in CSX by 2.2% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 259,134 shares of the transportation company’s stock worth $12,052,000 after acquiring an additional 5,515 shares during the period. Level Wealth Management LLC acquired a new stake in CSX during the 3rd quarter worth about $353,000. Kingswood Wealth Advisors LLC lifted its position in CSX by 14.7% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 21,931 shares of the transportation company’s stock worth $1,020,000 after acquiring an additional 2,815 shares during the period. Finally, Sigma Planning Corp grew its stake in CSX by 20.4% during the 3rd quarter. Sigma Planning Corp now owns 46,598 shares of the transportation company’s stock valued at $2,167,000 after purchasing an additional 7,888 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Argus set a $56.00 price objective on CSX in a report on Friday, July 31st. Citigroup reaffirmed a “neutral” rating and set a $54.00 target price (up from $53.00) on shares of CSX in a report on Friday. Benchmark reaffirmed 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. TD Cowen reiterated a “buy” rating and issued a $55.00 target price (up from $54.00) on shares of CSX in a research report on Thursday, October 22nd. Finally, Stifel Nicolaus set a $54.00 price target on shares of CSX in a report on Thursday, July 23rd. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.20.

CSX News Summary

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Strong third-quarter results: CSX reported earnings of $0.57 per share, exceeding the $0.53 consensus estimate, while revenue reached $4.02 billion versus expectations of $3.96 billion. Revenue increased 12% year over year and earnings rose from $0.44 per share in the prior-year quarter, reinforcing the company’s improving financial performance. Does CSX Stock’s Q3 Earnings Beat Justify a Buy Decision Today?
• Positive Sentiment: Higher analyst price targets: Susquehanna raised its CSX target from $55 to $60 and assigned a positive rating, implying meaningful upside based on the cited reference price. Susquehanna raises target for CSX Corp stock to USD 60.00
• Positive Sentiment: Additional bullish coverage: William O’Neil initiated coverage with a Buy rating, while JPMorgan increased its price target from $57 to $58, indicating continued confidence among sell-side analysts. William O’Neil Initiates Coverage on CSX With Buy Rating JPMorgan raises CSX stock target
• Neutral Sentiment: Valuation remains a consideration: CSX trades at roughly 26.6–27 times earnings and offers an approximately 1% yield. The earnings beat supports the premium, but investors may require sustained growth to justify further multiple expansion. CSX valuation and yield
• Neutral Sentiment: Short-interest data is inconclusive: Reported short interest of zero shares and a zero-day days-to-cover ratio appears unusual and may reflect a reporting or data issue, offering little actionable information about investor positioning.
• Neutral Sentiment: CSX’s year-to-date performance was compared with transportation peer Knight-Swift and the broader sector, but the report does not provide enough detail to determine whether the comparison is a material catalyst. CSX performance versus transportation peers

CSX Stock Up 1.9%

CSX stock opened at $52.27 on Wednesday. The business’s 50-day moving average price is $48.77 and its 200 day moving average price is $45.26. CSX Corporation has a 52 week low of $33.63 and a 52 week high of $53.60.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts forecast that CSX Corporation will post 2.04 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 30th.

CSX 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.