CSX (NASDAQ:CSX) Hits New 12-Month High – Here’s What Happened

CSX Corporation (NASDAQ:CSX)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $42.59 and last traded at $42.47, with a volume of 10184444 shares. The stock had previously closed at $41.97.

Key Stories Impacting CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Board raises quarterly dividend to $0.14/share (8% increase), payable March 13 to holders of record Feb. 27 — a direct cash return that supports shareholder income and signals confidence in cash flow. CSX Corporation Announces Increase to Quarterly Dividend
• Positive Sentiment: CSX says it completed a company-wide data modernization program — a likely long-term boost to operations, forecasting, and cost efficiency that may help margins and service reliability. CSX completes data modernization program
• Neutral Sentiment: CEO profile/interview highlights management engagement and strategic focus (human-interest/leadership context) but offers limited near-term financial impact. CSX CEO says he ‘flunked retirement’ and found the right fit
• Neutral Sentiment: Local press notes CSX ranks among Florida’s top companies — positive PR but not a material driver of stock moves. Jacksonville company ranks among top 10 richest companies in Florida
• Neutral Sentiment: Industry roundup (“Class I Briefs”) includes CSX mentions alongside peers — useful for context but not a direct catalyst. Class I Briefs: CSX, CPKC, NS
• Negative Sentiment: Data in a market summary notes notable insider sales and large institutional portfolio reallocations (some big firms trimming CSX), which could create short-term selling pressure or signal differing views on valuation. CSX Corp. Approves $0.14 Quarterly Dividend, Reflecting 8% Increase

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Susquehanna reiterated a “neutral” rating and issued a $39.00 target price on shares of CSX in a research note on Friday, January 23rd. JPMorgan Chase & Co. dropped their price objective on CSX from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Raymond James Financial raised their target price on CSX from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. TD Cowen reaffirmed a “buy” rating on shares of CSX in a research report on Monday, January 12th. Finally, Rothschild & Co Redburn lifted their price objective on CSX from $39.00 to $42.50 and gave the stock a “buy” rating in a report on Friday, January 30th. Nineteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and an average target price of $39.77.

CSX Trading Up 1.0%

The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.69 and a current ratio of 0.81. The firm has a market cap of $79.31 billion, a P/E ratio of 27.69, a P/E/G ratio of 2.16 and a beta of 1.30. The firm has a 50 day simple moving average of $38.14 and a 200 day simple moving average of $36.04.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.59 billion. CSX had a return on equity of 23.88% and a net margin of 20.50%.The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, equities research analysts predict that CSX Corporation will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from CSX’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 27th. CSX’s dividend payout ratio (DPR) is 33.77%.

Insider Activity

In other CSX news, CAO Diana B. Sorfleet sold 90,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $41.56, for a total value of $3,740,400.00. Following the transaction, the chief accounting officer directly owned 165,613 shares in the company, valued at $6,882,876.28. This represents a 35.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Fortune sold 31,456 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $38.65, for a total value of $1,215,774.40. Following the transaction, the executive vice president directly owned 82,034 shares of the company’s stock, valued at $3,170,614.10. The trade was a 27.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 188,123 shares of company stock valued at $7,454,854. 0.55% of the stock is owned by company insiders.

Institutional Trading of CSX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of CSX by 81.9% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 944,946 shares of the transportation company’s stock worth $33,555,000 after acquiring an additional 425,395 shares during the last quarter. Pinebridge Investments LLC purchased a new stake in CSX during the fourth quarter valued at about $5,979,000. Reaves W H & Co. Inc. bought a new stake in CSX during the third quarter worth about $5,326,000. Cohen & Steers Inc. lifted its stake 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 during the last quarter. Finally, Allstate Corp boosted its holdings in shares of CSX by 105.7% in the 4th quarter. Allstate Corp now owns 136,869 shares of the transportation company’s stock worth $4,962,000 after purchasing an additional 70,326 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Company Profile

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.