EVP & CLO Nathan Goldman Sells 244,487 Shares of CSX Corp
Nathan Goldman, Executive Vice President and Chief Legal Officer of CSX Corp (NASDAQ:CSX), executed a sale of 244,487 shares in the company on February 20, 2024, according to a recent SEC Filing.
CSX Corp is a transportation company primarily focused on rail freight, operating one of the largest rail networks in North America. The company provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
Over the past year, the insider has sold a total of 244,487 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider sales at CSX Corp, with a total of 3 insider sells and 0 insider buys occurring over the past year.
On the date of the insider's recent sale, shares of CSX Corp were trading at $36.62, resulting in a market capitalization of $74.231 billion. The price-earnings ratio of the company stands at 20.59, which is above both the industry median of 14.105 and the historical median price-earnings ratio for CSX Corp.
The stock's price-to-GF-Value ratio is 0.99, with a GF Value of $37.07, indicating that CSX Corp is considered Fairly Valued based on the intrinsic value estimate from GuruFocus. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
