Key Points
- CAO Diana Sorfleet sold 90,000 shares at an average price of $41.56 on Feb. 19 for about $3.74M, reducing her position by ~35% to 165,613 shares.
- CSX missed quarterly estimates, reporting $0.39 EPS vs. $0.41 expected and $3.51B in revenue vs. $3.59B, with revenue down 0.9% year-over-year.
- Stock and analyst context: CSX trades near its 52-week high (~$42) with a $78.7B market cap, and analysts hold a "Moderate Buy" consensus (19 Buys, 6 Holds) with an average target of $39.77.
CSX Corporation (NASDAQ:CSX - Get Free Report) CAO Diana Sorfleet sold 90,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total value of $3,740,400.00. Following the sale, the chief accounting officer owned 165,613 shares in the company, valued at $6,882,876.28. The trade was a 35.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
CSX Stock Up 1.5%
NASDAQ CSX opened at $42.31 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.38. CSX Corporation has a 52 week low of $26.22 and a 52 week high of $42.35. The firm has a market capitalization of $78.68 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 2.13 and a beta of 1.30. The company has a fifty day moving average of $37.69 and a two-hundred day moving average of $35.86.
CSX (NASDAQ:CSX - Get Free Report) last released its earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). CSX had a return on equity of 23.88% and a net margin of 20.50%.The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $0.42 EPS. CSX's revenue was down .9% compared to the same quarter last year. On average, analysts predict that CSX Corporation will post 1.83 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CSX. Syon Capital LLC raised its stake in shares of CSX by 1.0% during the 4th quarter. Syon Capital LLC now owns 28,316 shares of the transportation company's stock worth $1,026,000 after acquiring an additional 287 shares in the last quarter. Root Financial Partners LLC boosted its stake in CSX by 7.3% in the fourth quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company's stock valued at $172,000 after acquiring an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in CSX by 4.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company's stock worth $296,000 after purchasing an additional 331 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in shares of CSX by 2.7% during the third quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company's stock worth $463,000 after purchasing an additional 339 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC increased its position in shares of CSX by 2.7% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company's stock worth $480,000 after purchasing an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company's stock.
CSX News Summary
Here are the key news stories impacting CSX this week:
- Positive Sentiment: CSX CEO said he is open to deals as rivals pursue large mergers, reigniting talk that rail consolidation could create strategic opportunities or a takeover premium for CSX. CSX chief executive open to deal as rivals pursue mega merger
- Neutral Sentiment: Management presented at Barclays’ Industrial Select Conference; the transcript provides detail on strategy, network performance and capital allocation — useful for assessing guidance and margin/cost dynamics but contains no surprise headlines. CSX Presents at Barclays Conference Transcript
- Neutral Sentiment: Industry roundup (Class I briefs) includes operational notes on CSX alongside peers — useful context on network trends but not a direct catalyst. Class I Briefs: CSX, BNSF, CPKC
- Neutral Sentiment: St. Petersburg approved buying a CSX rail line for conversion to an urban trail — a local asset sale that may raise modest cash and reduce local maintenance obligations, but unlikely to move company-wide fundamentals. St. Pete City Council approves deal to purchase CSX rail line for urban trail
- Negative Sentiment: CSX Chief Accounting Officer Diana Sorfleet sold 90,000 shares (~$3.74M at ~$41.56), reducing her stake by ~35% — a large insider sale that can be read negatively by some investors. SEC filing: Insider sale filing
- Negative Sentiment: CSX reported that half of burned rail ties from a Dunnellon incident have been removed — a localized safety/maintenance issue that could create short-term costs or service disruption in the area. Half of burned rail ties moved out of Dunnellon, CSX says
- Neutral Sentiment: Recent short-interest reports appear to contain data errors (showing zero/NaN), so there’s no clear short-seller pressure signal from these filings. (Market data glitch — treat cautiously.)
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CSX. Royal Bank Of Canada reissued an "outperform" rating and set a $40.00 target price on shares of CSX in a research note on Thursday, December 18th. Argus upped their target price on shares of CSX from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, January 27th. Evercore reduced their target price on shares of CSX from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 23rd. Raymond James Financial lifted their price target on shares of CSX from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. Finally, Wolfe Research dropped their price objective on CSX from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Thursday, January 8th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.77.
Read Our Latest Stock Report on CSX
CSX Company Profile
(
Get Free Report)
CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.
CSX's freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
