CSX Corporation $CSX Shares Sold by Sound Shore Management Inc. CT

04 Jun 2026, 06:17 by Jessica Moore · The Cerbat Gem

Sound Shore Management Inc. CT lowered its stake in shares of CSX Corporation (NASDAQ:CSX – Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,401,874 shares of the transportation company’s stock after selling 14,793 shares during the quarter. CSX makes up about 2.8% of Sound Shore Management Inc. CT’s holdings, making the stock its 16th biggest position. Sound Shore Management Inc. CT’s holdings in CSX were worth $87,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSX. Brighton Jones LLC grew its position in shares of CSX by 5.5% during the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock worth $525,000 after acquiring an additional 849 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of CSX by 3.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,410 shares of the transportation company’s stock worth $2,428,000 after acquiring an additional 2,281 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of CSX during the second quarter worth approximately $28,000. Captrust Financial Advisors grew its position in shares of CSX by 0.8% during the second quarter. Captrust Financial Advisors now owns 405,828 shares of the transportation company’s stock worth $13,242,000 after acquiring an additional 3,162 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of CSX by 63.5% during the third quarter. Cornerstone Planning Group LLC now owns 2,470 shares of the transportation company’s stock worth $88,000 after acquiring an additional 959 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSX. JPMorgan Chase & Co. raised their target price on shares of CSX from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group raised their target price on shares of CSX from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Robert W. Baird raised their target price on shares of CSX from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Wolfe Research restated an “outperform” rating and set a $50.00 target price on shares of CSX in a research report on Thursday, April 23rd. Finally, Citigroup restated a “neutral” rating and set a $46.00 target price (up from $44.00) on shares of CSX in a research report on Thursday, April 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.98.

Check Out Our Latest Research Report on CSX

Insiders Place Their Bets

In other news, CEO Stephen F. Angel acquired 25,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $40.27 per share, for a total transaction of $1,006,750.00. Following the transaction, the chief executive officer directly owned 146,540 shares in the company, valued at approximately $5,901,165.80. This represents a 20.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

CSX Stock Performance

NASDAQ:CSX opened at $46.44 on Thursday. The firm’s fifty day moving average price is $43.83 and its 200 day moving average price is $39.97. CSX Corporation has a 1-year low of $31.64 and a 1-year high of $47.17. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.97 and a quick ratio of 0.83. The firm has a market cap of $86.29 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22.

CSX (NASDAQ:CSX – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. CSX had a net margin of 21.55% and a return on equity of 24.47%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the firm posted $0.34 EPS. CSX’s quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts expect that CSX Corporation will post 1.9 EPS for the current year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, May 29th. CSX’s dividend payout ratio (DPR) is 34.36%.

CSX Profile

(Free Report)

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.