Northwestern Mutual Wealth Management Co. Makes New $18.59 Million Investment in CSX Corporation $CSX

23 Aug 2026, 06:11 by Amy Steele · The Cerbat Gem

Northwestern Mutual Wealth Management Co. bought a new position in shares of CSX Corporation (NASDAQ:CSX – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 391,180 shares of the transportation company’s stock, valued at approximately $18,593,000.

A number of other institutional investors have also modified their holdings of CSX. N.E.W. Advisory Services LLC bought a new stake in shares of CSX during the second quarter valued at approximately $27,000. Arlington Trust Co LLC grew its stake in CSX by 58.0% in the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after purchasing an additional 250 shares in the last quarter. Meeder Asset Management Inc. bought a new position in CSX in the second quarter worth approximately $34,000. Allied Private Wealth LLC purchased a new position in CSX during the 2nd quarter worth $37,000. Finally, Wilkerson Advisory Group LLC increased its holdings in CSX by 97.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after purchasing an additional 409 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Stock Performance

Shares of NASDAQ:CSX opened at $51.59 on Friday. The company has a market capitalization of $95.57 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21. CSX Corporation has a 52 week low of $31.80 and a 52 week high of $53.60. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. The firm has a 50 day moving average of $49.38 and a 200 day moving average of $45.15.

CSX (NASDAQ:CSX – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, sell-side analysts predict that CSX Corporation will post 2 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s dividend payout ratio is 32.37%.

Insider Buying and Selling

In related news, SVP Michael S. Burns sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $52.68, for a total transaction of $684,840.00. Following the sale, the senior vice president owned 59,643 shares of the company’s stock, valued at $3,141,993.24. This trade represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin S. Boone sold 136,708 shares of CSX stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total value of $6,384,263.60. Following the completion of the transaction, the chief financial officer owned 208,622 shares in the company, valued at $9,742,647.40. This trade represents a 39.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 189,708 shares of company stock worth $9,132,304 in the last three months. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSX has been the subject of several research reports. Morgan Stanley set a $32.00 target price on CSX and gave the stock an “underweight” rating in a report on Monday, July 6th. Citizens Jmp started coverage on CSX in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their price target on CSX from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Susquehanna upgraded CSX from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $50.00 to $58.00 in a report on Tuesday, July 14th. Finally, Truist Financial set a $46.00 price objective on shares of CSX in a research note on Friday, July 10th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CSX presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.31.

Check Out Our Latest Analysis on CSX

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.