Diana Sorfleet Sells 90,000 Shares of CSX (NASDAQ:CSX) Stock

CSX Corporation (NASDAQ:CSX) CAO Diana Sorfleet sold 90,000 shares of CSX stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total value of $3,740,400.00. Following the completion of the transaction, the chief accounting officer owned 165,613 shares in the company, valued at $6,882,876.28. This trade represents a 35.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CSX Price Performance

Shares of NASDAQ CSX opened at $42.31 on Friday. The stock has a fifty day moving average price of $37.69 and a 200 day moving average price of $35.86. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $42.35. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.81 and a quick ratio of 0.69. The company has a market cap of $78.68 billion, a PE ratio of 27.47, a P/E/G ratio of 2.16 and a beta of 1.30.

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

Key Headlines Impacting CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX CEO said he is open to deals as rivals pursue large mergers, reigniting talk that rail consolidation could create strategic opportunities or a takeover premium for CSX. CSX chief executive open to deal as rivals pursue mega merger
• Neutral Sentiment: Management presented at Barclays’ Industrial Select Conference; the transcript provides detail on strategy, network performance and capital allocation — useful for assessing guidance and margin/cost dynamics but contains no surprise headlines. CSX Presents at Barclays Conference Transcript
• Neutral Sentiment: Industry roundup (Class I briefs) includes operational notes on CSX alongside peers — useful context on network trends but not a direct catalyst. Class I Briefs: CSX, BNSF, CPKC
• Neutral Sentiment: St. Petersburg approved buying a CSX rail line for conversion to an urban trail — a local asset sale that may raise modest cash and reduce local maintenance obligations, but unlikely to move company-wide fundamentals. St. Pete City Council approves deal to purchase CSX rail line for urban trail
• Negative Sentiment: CSX Chief Accounting Officer Diana Sorfleet sold 90,000 shares (~$3.74M at ~$41.56), reducing her stake by ~35% — a large insider sale that can be read negatively by some investors. SEC filing: Insider sale filing
• Negative Sentiment: CSX reported that half of burned rail ties from a Dunnellon incident have been removed — a localized safety/maintenance issue that could create short-term costs or service disruption in the area. Half of burned rail ties moved out of Dunnellon, CSX says
• Neutral Sentiment: Recent short-interest reports appear to contain data errors (showing zero/NaN), so there’s no clear short-seller pressure signal from these filings. (Market data glitch — treat cautiously.)

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of CSX in a report on Thursday, December 18th. JPMorgan Chase & Co. reduced their price objective on CSX from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Sanford C. Bernstein restated a “market perform” rating and set a $36.00 target price (down previously from $37.00) on shares of CSX in a research report on Friday, January 23rd. Wolfe Research lowered their price target on CSX from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Finally, Rothschild & Co Redburn upped 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 equities 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 has an average rating of “Moderate Buy” and a consensus price target of $39.77.

Institutional Trading of CSX

Large investors have recently bought and sold shares of the company. Syon Capital LLC raised its stake in shares of CSX by 1.0% during the fourth quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock valued at $1,026,000 after purchasing an additional 287 shares during the period. Root Financial Partners LLC increased its stake in CSX by 7.3% during the 4th quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock worth $172,000 after buying an additional 323 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in CSX by 4.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company’s stock worth $296,000 after buying an additional 331 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in CSX by 2.7% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company’s stock valued at $463,000 after buying an additional 339 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC grew its stake in shares of CSX by 2.7% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock valued at $480,000 after acquiring an additional 346 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

About CSX

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.