Old West Investment Management LLC Acquires Shares of 118,908 CSX Corporation $CSX

Posted by Francis Steltz on Aug 17th, 2026

Old West Investment Management LLC acquired a new position in shares of CSX Corporation (NASDAQ:CSX – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 118,908 shares of the transportation company’s stock, valued at approximately $5,652,000.

Several other hedge funds also recently made changes to their positions in CSX. Bank of New York Mellon Corp purchased a new stake in shares of CSX in the second quarter valued at about $950,325,000. Pinebridge Investments LLC acquired a new position in shares of CSX during the fourth quarter worth about $5,979,000. Cohen & Steers Inc. raised its holdings in CSX by 1.2% during the fourth quarter. Cohen & Steers Inc. now owns 8,282,107 shares of the transportation company’s stock worth $300,226,000 after purchasing an additional 98,977 shares in the last quarter. Global Retirement Partners LLC purchased a new position in CSX during the second quarter worth about $3,897,000. Finally, M3 Wealth Management LLC acquired a new stake in CSX in the second quarter valued at about $3,373,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Price Performance

CSX stock opened at $50.16 on Monday. The firm has a 50 day moving average of $49.02 and a 200-day moving average of $44.74. CSX Corporation has a 12-month low of $31.80 and a 12-month high of $53.60. The company has a current ratio of 0.82, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22. The company has a market cap of $92.92 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.29 and a beta of 1.21.

CSX (NASDAQ:CSX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 EPS. As a group, equities analysts expect that CSX Corporation will post 2 EPS for the current fiscal year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s payout ratio is presently 32.37%.

Insider Transactions at CSX

In other CSX news, CFO Kevin S. Boone sold 136,708 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total value of $6,384,263.60. Following the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. This represents a 39.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Angela C. Williams sold 30,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $53.29, for a total value of $1,598,700.00. Following the completion of the transaction, the chief accounting officer owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. This represents a 74.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 189,708 shares of company stock valued at $9,132,304 in the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSX. Rothschild & Co Redburn lifted their price objective on CSX from $45.50 to $47.50 and gave the company a “buy” rating in a report on Tuesday, April 28th. Citigroup increased their target price on CSX from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Wolfe Research reissued an “outperform” rating and issued a $50.00 price target on shares of CSX in a report on Thursday, April 23rd. Jefferies Financial Group lifted their price target on CSX from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Susquehanna upgraded CSX from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $50.00 to $58.00 in a research report on Tuesday, July 14th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.31.

View Our Latest Research Report on CSX

CSX Company Profile

(Free Report)

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.