CSX CORPORATION
In the published model solve dated 2026-Q2, anchored at $51.59, CSX CORPORATION (CSX) is priced for +11.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• The June quarter broke the pattern the trailing numbers describe: record quarterly revenue of $3.94 billion, up 10%, with operating income of $1.51 billion, up 17% [Source: Q2 2026 results, July 2026]. • Coal is around 13% of the freight mix and going the wrong way, with the 10-K recording that ⟦Export coal decreased due to lower shipments of metallurgical and thermal coal⟧, which matters because coal is among the most profitable tonnage a railroad moves. • The buyback has retired about 4% of
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1,820 institutional managers reported holding CSX in 13F filings for the quarter ended 2026-03-31. Together they hold about 74% of the company; the top 10 hold 37%. 170 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 40.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CSX has cut its share count 18.1% over the past five years, spending $13.70B on repurchases. It pays a dividend, and has for 16 years running, raised 15 years straight; the current rate is $0.52 a share annually. Cash returned over the past three years: $2.60B in dividends and $5.41B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CSX over the trailing three years: 2025: 1 buy totaling $2.03M; 2026: 1 buy totaling $1.01M. 24 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CSX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-04-21 | +4.1% | +2.9% |
| 2023-07-21 | -4.0% | -3.9% |
| 2023-10-21 | +0.3% | +12.6% |
| 2024-04-19 | -1.3% | -2.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CSX's latest 8-K filings: 2026-07-22 (items 2.02, 9.01); 2026-05-14 (items 5.02, 5.07, 8.01); 2026-04-22 (items 2.02, 9.01); 2026-01-22 (items 2.02, 9.01); 2025-10-29 (items 5.02, 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.