Alteri Wealth LLC Takes $449,000 Position in CSX Corporation $CSX

Alteri Wealth LLC acquired a new position in CSX Corporation (NASDAQ:CSX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,652 shares of the transportation company’s stock, valued at approximately $449,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock worth $525,000 after buying an additional 849 shares during the last quarter. Strategic Blueprint LLC grew its stake in shares of CSX by 14.4% during the 2nd quarter. Strategic Blueprint LLC now owns 8,022 shares of the transportation company’s stock worth $262,000 after purchasing an additional 1,012 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of CSX by 83.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 48,182 shares of the transportation company’s stock valued at $1,572,000 after purchasing an additional 21,906 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of CSX in the 2nd quarter valued at $205,000. Finally, Crestwood Advisors Group LLC purchased a new stake in CSX during the second quarter worth $237,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CSX news, CAO Diana B. Sorfleet sold 90,000 shares of CSX stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $41.56, for a total transaction of $3,740,400.00. Following the transaction, the chief accounting officer directly owned 165,613 shares of the company’s stock, valued at $6,882,876.28. The trade was a 35.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Fortune sold 31,456 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $38.65, for a total transaction of $1,215,774.40. Following the completion of the transaction, the executive vice president owned 82,034 shares in the company, valued at $3,170,614.10. The trade was a 27.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 188,123 shares of company stock worth $7,454,854. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CSX shares. Citigroup decreased their price objective on shares of CSX from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upped their price target on CSX from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Sanford C. Bernstein reissued a “market perform” rating and issued a $36.00 price objective (down from $37.00) on shares of CSX in a report on Friday, January 23rd. Wolfe Research reduced their target price on CSX from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, Susquehanna reiterated a “neutral” rating and set a $39.00 target price on shares of CSX in a research report on Friday, January 23rd. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, CSX has a consensus rating of “Moderate Buy” and an average price target of $39.77.

More CSX News

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.)

CSX Trading Up 1.5%

Shares of CSX stock opened at $42.31 on Monday. 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 stock’s 50 day simple moving average is $37.69 and its 200-day simple moving average is $35.86. The stock has a market cap of $78.68 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.16 and a beta of 1.30. CSX Corporation has a 1-year low of $26.22 and a 1-year high of $42.35.

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). The company had revenue of $3.51 billion for 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 business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Analysts predict that CSX Corporation will post 1.83 EPS for the current fiscal year.

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.