Rep. Robert Bresnahan, Jr. Sells Off Shares of CSX Co. (NASDAQ:CSX)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CSX Co. (NASDAQ:CSX). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in CSX stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

CSX Stock Down 2.7 %

CSX stock traded down $0.81 during mid-day trading on Friday, hitting $29.11. The company had a trading volume of 9,591,226 shares, compared to its average volume of 12,325,271. CSX Co. has a 12 month low of $28.98 and a 12 month high of $37.10. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average price is $31.75 and its two-hundred day moving average price is $33.20. The company has a market capitalization of $54.86 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, sell-side analysts anticipate that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. CSX’s payout ratio is presently 29.05%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CSX. Stephens reissued an “overweight” rating and issued a $38.00 target price on shares of CSX in a report on Friday, January 24th. Loop Capital lowered CSX from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $34.00 in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of CSX in a research note on Monday, January 27th. Susquehanna cut their target price on shares of CSX from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a report on Friday, March 7th. They set a “hold” rating and a $34.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

Institutional Investors Weigh In On CSX

A number of institutional investors have recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of CSX during the fourth quarter worth about $27,000. Accredited Wealth Management LLC bought a new stake in shares of CSX during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new position in shares of CSX in the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in shares of CSX during the fourth quarter worth $31,000. Finally, Sierra Ocean LLC purchased a new position in CSX during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.