14,978 CSX Corporation $CSX Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its holdings in shares of CSX Corporation (NASDAQ:CSX) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 211,994 shares of the transportation company’s stock after purchasing an additional 14,978 shares during the period. Generali Asset Management SPA SGR’s holdings in CSX were worth $9,860,000 as of its most recent SEC filing.

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

CSX Stock Performance

Shares of NASDAQ CSX opened at $52.27 on Wednesday. CSX Corporation has a twelve month low of $33.63 and a twelve month high of $53.60. The company has a 50 day moving average of $48.77 and a 200 day moving average of $45.26.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, October 21st. The transportation company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.96 billion. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. On average, sell-side analysts forecast that CSX Corporation will post 2.04 EPS for the current fiscal year.

CSX Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on CSX shares. BMO Capital Markets reiterated a “market perform” rating and set a $52.00 price objective (up from $49.00) on shares of CSX in a research note on Thursday, July 23rd. Stephens assumed coverage on CSX in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $57.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $59.00 price target on shares of CSX in a report on Friday, July 24th. Susquehanna raised their price target on CSX from $55.00 to $60.00 and gave the company a “positive” rating in a report on Tuesday. Finally, Argus set a $56.00 price target on CSX in a research report on Friday, July 31st. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.20.

More CSX News

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 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.