CSX Corporation $CSX Stock: Skylands Capital LLC Trims Stake

Skylands Capital LLC lessened its stake in shares of CSX Corporation (NASDAQ:CSX) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,425 shares of the transportation company’s stock after selling 11,450 shares during the quarter. CSX comprises about 1.0% of Skylands Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Skylands Capital LLC’s holdings in CSX were worth $8,019,000 as of its most recent filing with the Securities & Exchange Commission.

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

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates: CSX reported $0.57 in diluted EPS versus the $0.53 consensus estimate and revenue of $4.02 billion versus $3.96 billion expected. Revenue increased 12% year over year, while EPS rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability improved substantially: Operating income reached $1.57 billion, up 44% year over year, and net earnings rose to $1.05 billion. Compared with adjusted year-ago results, operating income increased 25%, net earnings 29%, and EPS 30%. The operating margin expanded to 39.1%, an 880-basis-point improvement. CSX Corp. Announces Third Quarter 2026 Results
• Positive Sentiment: Freight demand supported the quarter: Total volume increased 5% to 1.69 million units, led by 7% growth in intermodal traffic. Higher freight volumes and fuel surcharges helped produce record quarterly revenue. Intermodal and Coal Help Drive CSX to Record Q3 Revenue
• Neutral Sentiment: Analyst views remain mixed: TD Cowen maintained a $54 price target, while Raymond James reduced its target from $56 to $53. The lowered target may limit near-term upside expectations despite the earnings beat. Raymond James Cuts CSX Price Target
• Negative Sentiment: Workforce reductions highlight efficiency efforts: CSX eliminated more than 100 management positions. The move could support future cost control, but it also signals ongoing restructuring and may raise concerns about operating conditions or growth prospects. CSX Eliminates More Than 100 Management Positions

Insider Buying and Selling at CSX

In related news, SVP Michael Burns sold 13,000 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $52.68, for a total value of $684,840.00. Following the sale, the senior vice president directly owned 59,643 shares of the company’s stock, valued at $3,141,993.24. This represents a 17.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Angela Williams sold 30,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer owned 10,437 shares in the company, valued at approximately $556,187.73. The trade was a 74.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen cut shares of CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup reiterated a “cautious” rating on shares of CSX in a research note on Wednesday, October 7th. Truist Financial set a $46.00 price target on shares of CSX in a research note on Friday, July 10th. Royal Bank Of Canada cut their price objective on shares of CSX from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Finally, Stephens assumed coverage on CSX in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $57.00 price objective for the company. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

CSX Stock Performance

CSX opened at $48.40 on Thursday. The stock has a market capitalization of $89.66 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.27 and a beta of 1.21. The company has a fifty day moving average of $48.66 and a 200 day moving average of $47.51. CSX Corporation has a fifty-two week low of $33.63 and a fifty-two week high of $53.60. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. CSX had a return on equity of 24.98% and a net margin of 22.21%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that CSX Corporation will post 1.99 earnings per share for the current fiscal year.

CSX Announces Dividend

The company also recently announced 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 of this dividend is Monday, November 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. CSX’s dividend payout ratio is currently 32.37%.

CSX Company 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.