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CSX Corp. (CSX) Stock Could Soon Reward Patient Investors

CSX Corp. (NASDAQ: CSX) is 5.31% higher on its value in year-to-date trading and has touched a low of $29.03 and a high of $40.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSX stock was last observed hovering at around $36.78 in the last trading session, with the day’s loss setting it -0.27%.

Currently trading at $36.51, the stock is -2.54% and -1.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.31 million and changing -0.73% at the moment leaves the stock 9.55% off its SMA200. CSX registered 23.76% gain for a year compared to 6-month gain of 18.73%. The firm has a 50-day simple moving average (SMA 50) of $6.08 and a 200-day simple moving average (SMA200) of $12.18.

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The stock witnessed a -4.50% loss in the last 1 month and extending the period to 3 months gives it a 5.31%, and is -0.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.54% over the month.

CSX Corp. (CSX) has around 23000 employees, a market worth around $71.53B and $14.66B in sales. Current P/E ratio is 19.79 and Fwd P/E is 16.61. Profit margin for the company is 25.35%. Distance from 52-week low is 25.77% and -9.00% from its 52-week high. The company has generated returns on investments over the last 12 months (12.14%).

CSX Corp. quarterly earnings per share for the current quarter are estimated at $0.45 with sales reaching $3.67B over the same period.The EPS is expected to grow by 6.67% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 2.40% in year-over-year returns.

CSX Corp. (CSX) Top Institutional Holders

2,106 institutions hold shares in CSX Corp. (CSX), with institutional investors hold 78.21% of the company’s shares. The shares outstanding are 1.96B, and float is at 1.95B with Short Float at 1.20%. Institutions hold 78.04% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 178.57 million shares valued at $6.09 billion. The investor’s holdings represent 8.90% of the CSX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 133.53 million shares valued at $4.55 billion to account for 6.66% of the shares outstanding. The other top investors are Capital World Investors which holds 87.78 million shares representing 4.38% and valued at over $2.99 billion, while State Street Corporation holds 4.27% of the shares totaling 85.68 million with a market value of $2.92 billion.

CSX Corp. (CSX) Insider Activity

The most recent transaction is an insider sale by Goldman Nathan D,the company’sEVP & CLO. SEC filings show that Goldman Nathan D sold 244,487 shares of the company’s common stock on Feb 20 ’24 at a price of $36.62 per share for a total of $8.95 million. Following the sale, the insider now owns 0.25 million shares.

CSX Corp. disclosed in a document filed with the SEC on Feb 07 ’24 that Sorfleet Diana B (EVP & CAO) sold a total of 37,087 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $37.17 per share for $1.38 million. Following the transaction, the insider now directly holds 0.22 million shares of the CSX stock.

Still, SEC filings show that on Feb 06 ’24, Boone Kevin S. (EVP & CCO) disposed off 60,000 shares at an average price of $37.10 for $2.23 million. The insider now directly holds 170,757 shares of CSX Corp. (CSX).

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