NTV Asset Management 13F: Adds $1.1M to CSX Stake

NTV Asset Management lifted its stake in CSX Corporation by 212.6% during the third quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 23, 2026. The firm purchased an additional 23,260 shares of the railroad operator, bringing its total ownership to 34,203 shares. The reported value of the investment reached $1.59 million at the close of the period.

CSX CSX Corporation

$50.88 ▲ +41.57% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in NTV Asset Management's CSX Position

The fund expanded its previous holding of 10,943 shares by more than triple, making a notable addition to its portfolio during the quarter. Because the position was already established in prior periods, this move represents an expansion rather than a new opening. The transaction data reflects the fund's growing exposure to the freight rail sector as transportation demand shifts.

Other Institutional Activity in CSX Corporation

Other large money managers also adjusted their positions in the railroad operator around the same reporting cycle. Fisher Asset Management, LLC grew its holdings by 795,613 shares, ending with 28,042,636 shares worth about $1.42 billion.

CSX Corporation Stock Up 4.9%

CSX Corporation shares closed at $50.79 on the October 23, 2026 filing date, sitting roughly level with a recent spot price of $50.79 as of October 24, 2026. The stock trades about 5.2% below its 52-week high of $53.60 and well above its 52-week low of $33.63. The share price remains above both its 50-day moving average of $48.70 and its 200-day moving average of $45.11. The company carries a market capitalization of $95.72 billion and a trailing P/E ratio of 25.2.

Recent Earnings

For the trailing twelve months, CSX generated $14.94 billion in revenue alongside basic earnings of $2.05 per share. The company posted a net profit margin of 24.0% and a return on equity of 26.4%. The next quarterly financial report is scheduled for release on January 28, 2027.

Dividend

CSX pays an annual dividend of $0.56 per share, which translates to a dividend yield of 1.08%. The company maintains a dividend payout ratio of 28.6%, indicating that a modest portion of earnings goes toward shareholder distributions.

Insider Buying and Selling at CSX Corporation

Company insiders completed several share transactions earlier in the year. Chief Financial Officer Kevin S. Boone sold 136,708 shares on June 3, 2026, at an average price of $46.70 for a total value of $6.38 million. Director John J. Zillmer sold 10,000 shares on the same day at $46.45 per share, totaling $464,500. Later, on July 24, 2026, officer Angela C. Williams sold 30,000 shares at $53.29 worth $1.59 million, while officer Michael S. Burns sold 13,000 shares at $52.68 for a total of $684,840.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock leading up to the filing. On October 22, 2026, UBS maintained a buy rating while lifting its price target from $54.00 to $60.00. Bank of America Securities maintained a buy rating and raised its target from $55.00 to $57.00 on the same day. RBC Capital maintained an outperform rating with a target raised to $54.00 from $53.00, and TD Cowen kept a buy rating while moving its target from $54.00 to $55.00. Finally, Citigroup maintained a neutral rating on October 23, 2026, with a target of $54.00. The stock holds a consensus buy rating with a mean price target of $53.41 across 23 analyst opinions.

About CSX Corporation

Headquartered in Jacksonville, Florida, CSX Corporation operates rail-based freight transportation networks across the eastern United States and parts of Canada. The company moves raw materials, industrial goods, and consumer products through an extensive rail system, alongside intermodal container and trailer transport services. Its operations connect key population centers, ports, and energy producers, serving as a critical artery for North American supply chains.

Bottom Line

NTV Asset Management's expanded stake aligns with broader institutional support and steady valuation metrics for the rail operator. Investors will look toward the company's next earnings release on January 28, 2027, for further details on freight demand and operational margins.