Insider Selling: CSX (NASDAQ:CSX) CAO Sells $3,740,400.00 in Stock

CSX Corporation (NASDAQ:CSX) 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 transaction of $3,740,400.00. Following the transaction, the chief accounting officer owned 165,613 shares of the company’s stock, valued at $6,882,876.28. This trade represents a 35.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CSX Price Performance

Shares of CSX stock opened at $42.31 on Monday. The stock has a market cap of $78.68 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.69 and a current ratio of 0.81. The stock has a 50 day moving average price of $37.69 and a 200-day moving average price of $35.86. CSX Corporation has a one year low of $26.22 and a one year high of $42.35.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.59 billion. CSX had a net margin of 20.50% and a return on equity of 23.88%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. Equities analysts expect that CSX Corporation will post 1.83 EPS for the current year.

More CSX News

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.)

Analysts Set New Price Targets

A number of research firms recently weighed in on CSX. TD Cowen reissued a “buy” rating on shares of CSX in a research report on Monday, January 12th. JPMorgan Chase & Co. dropped their target price on CSX from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Raymond James Financial increased their price target on CSX from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Susquehanna reissued a “neutral” rating and set a $39.00 price target on shares of CSX in a research note on Friday, January 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of CSX in a research report on Thursday. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.77.

Institutional Trading of CSX

Large investors have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in CSX during the 2nd quarter worth $25,000. FNY Investment Advisers LLC lifted its holdings in shares of CSX by 437.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 720 shares of the transportation company’s stock worth $25,000 after buying an additional 586 shares during the period. WFA of San Diego LLC bought a new position in shares of CSX during the 2nd quarter worth $28,000. Pinnacle Bancorp Inc. increased its stake in shares of CSX by 121.5% during the third quarter. Pinnacle Bancorp Inc. now owns 1,329 shares of the transportation company’s stock valued at $47,000 after buying an additional 729 shares during the period. Finally, CrossGen Wealth LLC purchased a new position in shares of CSX during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

About CSX

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.