Mount Vernon Associates Inc. MD Trims Stake in CSX Corporation $CSX

Mount Vernon Associates Inc. MD cut its position in CSX Corporation (NASDAQ:CSX) by 50.0% in the third quarter, Holdings Channel reports. The firm owned 45,000 shares of the transportation company’s stock after selling 45,000 shares during the period. CSX accounts for approximately 1.1% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 24th biggest position. Mount Vernon Associates Inc. MD’s holdings in CSX were worth $1,598,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CSX. Brighton Jones LLC increased its holdings in shares of CSX by 5.5% in the 4th quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after acquiring an additional 849 shares during the period. Integrity Alliance LLC. grew its position in CSX by 101.8% during the 1st quarter. Integrity Alliance LLC. now owns 15,188 shares of the transportation company’s stock worth $447,000 after purchasing an additional 7,661 shares during the last quarter. Belpointe Asset Management LLC increased its stake in CSX by 32.8% in the first quarter. Belpointe Asset Management LLC now owns 9,875 shares of the transportation company’s stock valued at $291,000 after purchasing an additional 2,438 shares during the period. Modern Wealth Management LLC raised its holdings in shares of CSX by 9.8% in the first quarter. Modern Wealth Management LLC now owns 17,518 shares of the transportation company’s stock valued at $516,000 after buying an additional 1,564 shares during the last quarter. Finally, Somerset Trust Co purchased a new stake in shares of CSX in the second quarter valued at about $208,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Performance

CSX opened at $35.20 on Friday. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $37.54. The stock has a market cap of $65.55 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.74 and a beta of 1.30. The stock’s 50 day simple moving average is $35.74 and its 200 day simple moving average is $34.93. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.85 and a quick ratio of 0.71.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Thursday, October 16th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.60 billion. CSX had a return on equity of 24.95% and a net margin of 20.55%.CSX’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities analysts anticipate that CSX Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on CSX from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Barclays reaffirmed an “overweight” rating on shares of CSX in a research report on Monday, October 20th. Bank of America dropped their target price on CSX from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Morgan Stanley set a $30.00 price target on CSX and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Finally, UBS Group set a $45.00 price objective on shares of CSX and gave the company a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus target price of $38.88.

Insider Transactions at CSX

In other CSX news, CEO Stephen F. Angel purchased 55,000 shares of CSX stock in a transaction on Monday, October 20th. The shares were bought at an average price of $36.87 per share, with a total value of $2,027,850.00. Following the completion of the acquisition, the chief executive officer directly owned 58,234 shares of the company’s stock, valued at approximately $2,147,087.58. This trade represents a 1,700.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin S. Boone sold 31,053 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $36.09, for a total transaction of $1,120,702.77. Following the transaction, the executive vice president directly owned 197,521 shares of the company’s stock, valued at approximately $7,128,532.89. This trade represents a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Company announced elimination of 166 management positions intended to reduce costs and streamline operations, which could support margins if execution is smooth. CSX cuts 166 management positions amid industry uncertainty and looming rival merger
• Neutral Sentiment: CSX purchased a Selkirk office building for $5 million — a small, localized real estate transaction with limited balance-sheet or operational impact. CSX buys Selkirk office building for $5 million
• Neutral Sentiment: Local road closures in eastern Hillsborough County for CSX railroad crossing repairs will cause short-term traffic disruptions but are unlikely to move company-wide financials. CSX railroad crossing repairs to close 10 eastern Hillsborough roads
• Neutral Sentiment: Market commentary pieces (e.g., buy/hold analysis) are circulating and may influence investor interest but do not introduce new company-specific facts. Should You Think About Buying CSX Corporation (NASDAQ:CSX) Now?
• Negative Sentiment: Multiple outlets report that cuts include conductor furloughs in addition to manager layoffs — a development that raises investor concern about weakening freight volumes, service disruption risk, and broader industry uncertainty (including a rival merger). That combination is likely the primary driver of downward pressure on the stock. CSX lays off 166 managerial workers, furloughs conductors
• Negative Sentiment: CSX settled a worker’s claim alleging firing tied to medical leave — a legal/reputational issue that could add costs or scrutiny depending on follow-up claims or regulatory interest. CSX Settles Worker’s Allegations of Firing Tied to Medical Leave

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.