Oppenheimer & Co. Inc. Sells 20,850 Shares of CSX Corporation $CSX

Oppenheimer & Co. Inc. trimmed its position in shares of CSX Corporation (NASDAQ:CSX) by 9.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,145 shares of the transportation company’s stock after selling 20,850 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CSX were worth $9,076,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research firms have issued reports on CSX. Sanford C. Bernstein reiterated a “market perform” rating and set a $49.00 target price on shares of CSX in a report on Thursday, October 22nd. Bank of America increased their price objective on CSX from $55.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Citigroup reaffirmed a “neutral” rating and set a $54.00 price target (up from $53.00) on shares of CSX in a report on Friday. Susquehanna increased their target price on CSX from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of CSX from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.20.

CSX Stock Performance

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

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.96 billion. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. On average, equities research analysts anticipate that CSX Corporation will post 2.04 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 1.1%. The ex-dividend date is Monday, November 30th.

CSX News Roundup

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.