CSX (NASDAQ:CSX) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CSX Co. NASDAQ: CSX. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in CSX stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

CSX Trading Up 0.1 %

Shares of CSX traded up $0.03 during midday trading on Wednesday, hitting $29.57. 3,615,282 shares of the stock were exchanged, compared to its average volume of 12,332,174. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The firm has a market cap of $55.72 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.92 and a beta of 1.22. CSX Co. has a 52-week low of $28.98 and a 52-week high of $37.10. The stock has a fifty day simple moving average of $31.61 and a 200 day simple moving average of $33.14.

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CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. On average, research analysts anticipate that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from CSX's previous quarterly dividend of $0.12. CSX's dividend payout ratio (DPR) is presently 29.05%.

Analysts Set New Price Targets

CSX has been the subject of several recent analyst reports. Barclays lowered their price target on CSX from $38.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday. Susquehanna cut their price objective on CSX from $39.00 to $37.00 and set a "positive" rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on CSX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Robert W. Baird decreased their price target on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, January 24th. Finally, Stephens reaffirmed an "overweight" rating and set a $38.00 target price on shares of CSX in a research report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.20.

Institutional Trading of CSX

Hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group raised its holdings in shares of CSX by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 23,990 shares of the transportation company's stock valued at $830,000 after buying an additional 306 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in shares of CSX by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 13,036 shares of the transportation company's stock valued at $421,000 after acquiring an additional 310 shares during the period. Patrick M Sweeney & Associates Inc. lifted its position in CSX by 1.0% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 31,827 shares of the transportation company's stock valued at $1,027,000 after acquiring an additional 313 shares in the last quarter. West Branch Capital LLC boosted its stake in CSX by 3.3% in the 4th quarter. West Branch Capital LLC now owns 10,317 shares of the transportation company's stock worth $333,000 after purchasing an additional 332 shares during the period. Finally, Alhambra Investment Management LLC increased its holdings in CSX by 4.3% during the 4th quarter. Alhambra Investment Management LLC now owns 8,292 shares of the transportation company's stock worth $268,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting 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.