NBT Bank N.A. Makes New Investment in CSX Corporation $CSX

NBT Bank N.A. purchased a new stake in shares of CSX Corporation (NASDAQ:CSX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,580 shares of the transportation company’s stock, valued at approximately $632,000.

A number of other large investors have also recently bought and sold shares of the business. Root Financial Partners LLC boosted its position in shares of CSX by 12.2% during the 3rd quarter. Root Financial Partners LLC now owns 6,949 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 755 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its holdings in CSX by 8.2% in the third quarter. Adams Diversified Equity Fund Inc. now owns 516,000 shares of the transportation company’s stock worth $23,999,000 after purchasing an additional 39,000 shares in the last quarter. Cadinha & Co. LLC increased its holdings in CSX by 2.0% in the third quarter. Cadinha & Co. LLC now owns 23,387 shares of the transportation company’s stock worth $1,088,000 after purchasing an additional 450 shares in the last quarter. Vest Financial LLC bought a new stake in CSX in the third quarter worth approximately $360,000. Finally, Capstone Capital Management Ltd acquired a new position in CSX in the third quarter valued at approximately $994,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Q3 earnings beat expectations: CSX reported revenue of $4.02 billion, up 12% year over year and above the $3.96 billion consensus estimate. Adjusted earnings of $0.57 per share exceeded expectations of approximately $0.52-$0.53 and rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Volume and margins improved: Freight volume increased 5%, while intermodal volume climbed 7% to a record level. Higher pricing, cost controls and a 3% reduction in nonfuel costs helped drive substantial operating-income and profit growth despite higher fuel expenses. CSX Three Key Takeaways
• Positive Sentiment: Constructive outlook: Management is targeting high-single-digit revenue growth in 2026 and more than 350 basis points of operating-margin expansion, reinforcing the view that execution and industrial demand are improving. CSX Projects 2026 Growth
• Positive Sentiment: Analyst targets increased: Bank of America raised its price target to $57 and maintained a Buy rating, while JPMorgan lifted its target to $58 and reiterated Overweight. CSX Analysts Boost Forecasts
• Neutral Sentiment: Railroads may gain a competitive advantage as elevated fuel costs weigh more heavily on trucking, potentially supporting freight conversions to rail. US Railroads Pull Ahead
• Negative Sentiment: CSX trades at a relatively demanding valuation, and Morgan Stanley maintained a Sell rating with a $32 target, citing valuation and longer-term risks. Raymond James also cut its target to $53.
• Negative Sentiment: A law firm is investigating potential class-action claims related to a reported customer data breach, creating possible legal, reputational and compliance costs. CSX Data Breach Investigation

CSX Stock Performance

Shares of CSX stock opened at $50.79 on Friday. CSX Corporation has a one year low of $33.63 and a one year high of $53.60. The firm has a market capitalization of $94.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.42 and a beta of 1.21. The business has a 50-day simple moving average of $48.70 and a 200 day simple moving average of $47.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.72.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. CSX had a return on equity of 25.94% and a net margin of 23.97%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts anticipate that CSX Corporation will post 2.00 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s dividend payout ratio is presently 29.02%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSX. Benchmark restated a “buy” rating and set a $54.00 price target (up from $48.00) on shares of CSX in a report on Wednesday, July 15th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $49.00 price objective on shares of CSX in a research report on Thursday. Truist Financial set a $46.00 price objective on shares of CSX in a research note on Friday, July 10th. Robert W. Baird boosted their target price on shares of CSX from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Finally, TD Cowen reissued a “buy” rating and set a $55.00 target price (up from $54.00) on shares of CSX in a research note on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.02.

CSX 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.