L2 Asset Management LLC Purchases Shares of 10,596 CSX Corporation $CSX

Posted by Stanley Muller on Aug 26th, 2026

L2 Asset Management LLC acquired a new stake in shares of CSX Corporation (NASDAQ:CSX – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,596 shares of the transportation company’s stock, valued at approximately $504,000.

Several other hedge funds also recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new stake in CSX during the second quarter valued at approximately $27,000. WFA of San Diego LLC bought a new stake in CSX during the second quarter worth approximately $28,000. Arlington Trust Co LLC grew its position in CSX by 58.0% in the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after buying an additional 250 shares during the last quarter. Wilkerson Advisory Group LLC grew its position in CSX by 97.4% in the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of CSX in the second quarter valued at $34,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Insiders Place Their Bets

In other CSX news, SVP Michael S. Burns sold 13,000 shares of CSX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $52.68, for a total transaction of $684,840.00. Following the transaction, the senior vice president owned 59,643 shares of the company’s stock, valued at $3,141,993.24. The trade was a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the transaction, the director owned 353,714 shares in the company, valued at $16,430,015.30. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 189,708 shares of company stock valued at $9,132,304. 0.30% of the stock is owned by insiders.

CSX Price Performance

Shares of NASDAQ:CSX opened at $51.51 on Wednesday. The company’s fifty day moving average is $49.55 and its two-hundred day moving average is $45.37. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. CSX Corporation has a 12-month low of $31.80 and a 12-month high of $53.60. The company has a market cap of $95.42 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 2.35 and a beta of 1.21.

CSX (NASDAQ:CSX – Get Free Report) last issued its 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. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the firm posted $0.44 earnings per share. CSX’s revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that CSX Corporation will post 2 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. CSX’s dividend payout ratio is currently 32.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James Financial restated an “outperform” rating and issued a $56.00 target price on shares of CSX in a report on Monday, July 13th. Wells Fargo & Company upped their target price on CSX from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Truist Financial set a $46.00 price target on CSX in a research report on Friday, July 10th. Bank of America lifted their price target on CSX from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Evercore set a $51.00 price objective on CSX in a report on Thursday, July 23rd. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.31.

Read Our Latest Analysis on CSX

CSX 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.