Rep. Kevin Hern Unloads Shares of CSX Corporation (NASDAQ:CSX)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of CSX Corporation (NASDAQ:CSX). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in CSX stock on August 27th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

CSX Price Performance

CSX traded up $0.17 on Tuesday, hitting $46.93. 7,992,697 shares of the stock were exchanged, compared to its average volume of 12,632,105. CSX Corporation has a 12 month low of $33.63 and a 12 month high of $53.60. The business has a 50-day moving average of $49.67 and a two-hundred day moving average of $46.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72. The firm has a market capitalization of $86.94 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.20 and a beta of 1.21.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Sell-side analysts forecast that CSX Corporation will post 2 EPS for the current fiscal year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.2%. CSX’s dividend payout ratio is currently 32.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CSX shares. Barclays reissued an “overweight” rating and issued a $60.00 target price (up from $55.00) on shares of CSX in a report on Thursday, July 23rd. Robert W. Baird upped their price objective on shares of CSX from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Argus set a $56.00 price objective on shares of CSX in a research note on Friday, July 31st. Morgan Stanley set a $32.00 target price on shares of CSX and gave the company an “underweight” rating in a research report on Monday, July 6th. Finally, Stephens began coverage on shares of CSX in a report on Wednesday, July 8th. They set an “overweight” rating and a $57.00 price target for the company. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.24.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in CSX by 9.7% in the second quarter. QRG Capital Management Inc. now owns 303,294 shares of the transportation company’s stock worth $14,790,000 after purchasing an additional 26,779 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of CSX by 22.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,812 shares of the transportation company’s stock valued at $2,415,000 after buying an additional 9,272 shares during the period. Andra AP fonden raised its position in shares of CSX by 6.7% in the second quarter. Andra AP fonden now owns 401,947 shares of the transportation company’s stock valued at $19,105,000 after purchasing an additional 25,400 shares during the period. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of CSX during the second quarter worth $58,000. Finally, Reynders McVeigh Capital Management LLC boosted its stake in CSX by 18.1% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 33,664 shares of the transportation company’s stock worth $1,600,000 after purchasing an additional 5,169 shares during the period. 73.57% of the stock is owned by institutional investors.

Insider Transactions at CSX

In other news, SVP Michael Burns sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $52.68, for a total value of $684,840.00. Following the completion of the transaction, the senior vice president directly owned 59,643 shares in the company, valued at approximately $3,141,993.24. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Angela Williams sold 30,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $53.29, for a total value of $1,598,700.00. Following the transaction, the chief accounting officer owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. The trade was a 74.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About CSX

CSX Corporation (NASDAQ:CSX) is a transportation company that provides rail-based freight services through its principal subsidiary, CSX Transportation. The company moves a broad range of products, including agricultural and food products, chemicals, minerals, forest products, metals, automotive shipments, and consumer goods.

CSX also provides intermodal transportation, connecting rail shipments with trucks, ports, and distribution facilities. Its network serves the eastern United States and reaches parts of Canada, linking major industrial regions, population centers, manufacturing locations, and Atlantic and Gulf Coast ports.

CSX traces its history to the 1980 merger of Chessie System and Seaboard Coast Line Industries.