Rep. Bruce Westerman Buys CSX Co. (NASDAQ:CSX) Stock

Representative Bruce Westerman (R-Arkansas) recently bought shares of CSX Co. (NASDAQ:CSX). In a filing disclosed on May 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in CSX stock on April 8th. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of UniCredit (OTCMKTS:UNCRY) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of CSX (NASDAQ:CSX) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of GSK (NYSE:GSK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 4/21/2025.
• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 4/21/2025.

CSX Stock Up 1.6%

Shares of CSX stock opened at $31.03 on Thursday. The stock has a market capitalization of $58.29 billion, a P/E ratio of 17.34, a PEG ratio of 1.92 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The stock has a 50 day moving average price of $28.76 and a two-hundred day moving average price of $31.81. CSX Co. has a 12-month low of $26.22 and a 12-month high of $37.10.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a net margin of 23.95% and a return on equity of 28.15%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. Equities analysts expect that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. CSX’s payout ratio is currently 31.14%.

Hedge Funds Weigh In On CSX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in CSX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company’s stock worth $1,339,555,000 after buying an additional 726,507 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in CSX by 21.6% during the first quarter. Bank of New York Mellon Corp now owns 28,383,830 shares of the transportation company’s stock worth $835,336,000 after buying an additional 5,033,743 shares during the last quarter. Invesco Ltd. boosted its holdings in CSX by 13.5% during the fourth quarter. Invesco Ltd. now owns 25,103,077 shares of the transportation company’s stock worth $810,076,000 after buying an additional 2,977,212 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in CSX by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,956,467 shares of the transportation company’s stock worth $805,345,000 after buying an additional 299,536 shares during the last quarter. Finally, Norges Bank bought a new position in CSX during the fourth quarter worth about $780,194,000. Institutional investors own 73.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CSX shares. Robert W. Baird dropped their price objective on CSX from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus dropped their price objective on CSX from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on CSX in a research note on Friday, March 7th. They issued a “hold” rating and a $34.00 target price for the company. Barclays lowered their target price on CSX from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Stephens restated an “overweight” rating and issued a $38.00 target price on shares of CSX in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $33.90.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.