CSX Corporation $CSX Shares Newly Acquired by USA Financial Formulas

Posted by Stanley Muller on Oct 18th, 2026

USA Financial Formulas bought a new stake in CSX Corporation (NASDAQ:CSX – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,432 shares of the transportation company’s stock, valued at approximately $1,415,000. CSX comprises about 0.3% of USA Financial Formulas’ holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSX. Kintegral Advisory LLC lifted its stake in CSX by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 40,384 shares of the transportation company’s stock valued at $1,878,000 after acquiring an additional 228 shares during the period. New England Research & Management Inc. boosted its holdings in shares of CSX by 0.8% in the 3rd quarter. New England Research & Management Inc. now owns 124,901 shares of the transportation company’s stock valued at $5,809,000 after acquiring an additional 975 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of CSX by 41.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,146,660 shares of the transportation company’s stock valued at $53,411,000 after acquiring an additional 336,342 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of CSX by 1.9% in the third quarter. Cyndeo Wealth Partners LLC now owns 13,194 shares of the transportation company’s stock worth $614,000 after acquiring an additional 244 shares during the period. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of CSX in the third quarter worth $177,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Insider Activity at CSX

In other news, SVP Michael Burns sold 13,000 shares of CSX stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the transaction, the senior vice president directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Angela Williams sold 30,000 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $53.29, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by insiders.

CSX Stock Down 0.0%

Shares of CSX stock opened at $48.68 on Friday. The stock has a 50 day moving average of $48.77 and a 200 day moving average of $47.31. 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 stock has a market cap of $90.18 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.30 and a beta of 1.21. CSX Corporation has a twelve month low of $33.63 and a twelve month high of $53.60.

CSX (NASDAQ:CSX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the company posted $0.44 earnings per share. CSX’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that CSX Corporation will post 1.99 EPS for the current year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. CSX’s dividend payout ratio (DPR) is presently 32.37%.

CSX News Roundup

Here are the key news stories impacting CSX this week:

Positive Sentiment: CSX’s rail network was highlighted as an economic moat because building a competing freight system would require enormous capital and decades to replicate. That structural advantage supports long-term pricing power and the company’s dividend appeal. 3 Dividend Stocks With Economic Moats That Are Almost Impossible to Cross
Positive Sentiment: TD Cowen reportedly maintained a constructive outlook and set a $54 price target following CSX’s announcement that COO Mike Cory is retiring. The target remains above the stock’s recent trading level, although the leadership transition could create near-term uncertainty. CSX retires COO Mike Cory
Neutral Sentiment: Wall Street estimates for CSX’s quarter ended September 2026 are being examined ahead of earnings, with investors watching revenue, volumes, pricing, operating efficiency and other key metrics—not just earnings per share and sales. Unlocking Q3 Potential of CSX
Neutral Sentiment: Raymond James lowered its CSX price target to $53 from $56. The reduction may temper enthusiasm, but the revised target still implies upside relative to the recent share price. Raymond James Adjusts CSX Price Target
Negative Sentiment: CSX’s COO retirement and the reassignment of direct reports to the CEO raise questions about leadership continuity and execution during the upcoming earnings period. Local concerns about a deteriorating bridge associated with CSX also create reputational and potential infrastructure-cost risks, though neither issue currently indicates a material financial impact. How CSX’s COO Retirement May Influence Investors

Analyst Ratings Changes

Several brokerages recently issued reports on CSX. Wall Street Zen cut shares of CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barclays restated an “overweight” rating and set a $60.00 target price (up from $55.00) on shares of CSX in a research report on Thursday, July 23rd. Susquehanna lowered their price target on shares of CSX from $59.00 to $55.00 and set a “positive” rating on the stock in a report on Friday, October 2nd. Royal Bank Of Canada lowered their price target on shares of CSX from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Finally, Morgan Stanley set a $32.00 price target on CSX and gave the stock an “underweight” rating in a research report on Monday, July 6th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

Get Our Latest Stock Report on CSX

CSX Company Profile

(Free Report)

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.