Rep. Jefferson Shreve Buys CSX Co. (NASDAQ:CSX) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of CSX Co. (NASDAQ:CSX). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in CSX stock on April 17th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.

CSX Price Performance

Shares of NASDAQ:CSX opened at $28.74 on Friday. CSX Co. has a 1-year low of $26.22 and a 1-year high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $53.99 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The stock’s fifty day simple moving average is $28.78 and its two-hundred day simple moving average is $31.86.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.53 billion. CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, analysts forecast that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 30th. CSX’s payout ratio is currently 31.14%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in CSX by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,350,289 shares of the transportation company’s stock valued at $47,652,000 after purchasing an additional 113,530 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CSX by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,348,543 shares of the transportation company’s stock worth $81,095,000 after acquiring an additional 77,488 shares during the last quarter. Nordea Investment Management AB grew its position in CSX by 32.2% in the fourth quarter. Nordea Investment Management AB now owns 2,342,834 shares of the transportation company’s stock worth $75,603,000 after acquiring an additional 570,683 shares in the last quarter. Diversified Trust Co increased its stake in CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company’s stock valued at $2,330,000 after acquiring an additional 46,473 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in CSX by 1.2% during the fourth quarter. Fulton Bank N.A. now owns 30,505 shares of the transportation company’s stock valued at $984,000 after purchasing an additional 349 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSX shares. Citigroup decreased their price target on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a research note on Friday, March 7th. They set a “hold” rating and a $34.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. UBS Group lowered their price objective on shares of CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, BMO Capital Markets reduced their target price on shares of CSX from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and an average price target of $33.86.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.