10 Best Railroad Stocks To Buy According To Billionaires

3. CSX Corporation (NASDAQ:CSX)

Number of Billionaire Investors: 13

Stake Value of Billionaire Holdings: $1,489,665,848

CSX Corporation (NASDAQ:CSX) is one of the best railroad stocks to invest in, with 13 billionaires collectively holding shares worth close to $1.5 billion. The company is based in Jacksonville, Florida, and it offers freight transportation across the United States and Canada through rail and trucking. It transports chemicals, agricultural goods, minerals, automotive products, forest products, fertilizers, metals, coal, and iron ore.

On April 17, UBS analyst Thomas Wadewitz reiterated a Buy rating on CSX Corporation (NASDAQ:CSX) but trimmed the price target from $36 to $34. The analyst praised CSX’s strength in agriculture, fertilizers, and minerals, and noted coal could get a short-term boost from plant restocking. Still, he warned about risks in intermodal, automotive, and chemicals because of economic uncertainty and tariffs.

CSX Corporation (NASDAQ:CSX) posted weaker results for the first quarter of 2025, with operating income falling to $1.04 billion and net income dropping to $646 million. Revenue also slid 7% to $3.42 billion, impacted by lower coal shipments, fuel surcharges, and merchandise volumes.

According to Insider Monkey’s fourth quarter database, CSX Corporation (NASDAQ:CSX) was part of 13 billionaire portfolios. Billionaire Andreas Halvorsen’s Viking Global raised its stake in CSX by 57% in Q4, holding 14.6 million shares worth $473.4 million at the end of Q4 2024.