This afternoon we watched CSX rise 1.9% to a price of $34.53 per share. The Large-Cap Railroads company is now trading -10.73% below its average target price of $38.68. Analysts have set target prices ranging from $30.0 to $43.0 per share for CSX, and have given the stock an average rating of buy.
CSX's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 2.01. The company's insiders own 0.22% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 77.9%. In conclusion, we believe there is mixed market sentiment regarding CSX.
Institutions Invested in CSX
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 175,029,325 | $6,043,762,378 |
| 2024-06-30 | Blackrock Inc. | 8% | 146,764,057 | $5,067,762,709 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 83,442,249 | $2,881,260,756 |
| 2024-06-30 | State Street Corporation | 4% | 81,795,455 | $2,824,396,961 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 4% | 69,110,706 | $2,386,392,593 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 40,716,480 | $1,405,940,004 |
| 2024-06-30 | Capital International Investors | 2% | 34,668,873 | $1,197,116,142 |
| 2024-06-30 | Bank of America Corporation | 2% | 33,188,349 | $1,145,993,650 |
| 2024-06-30 | Morgan Stanley | 1% | 25,382,496 | $876,457,555 |
| 2024-06-30 | Fisher Asset Management, LLC | 1% | 23,799,629 | $821,801,160 |
