10 Best Railroad Stocks To Buy Now

4. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 63

CSX Corporation (NASDAQ:CSX) is a major freight transportation company serving the United States and Canada, specializing in rail and trucking. Deutsche Bank initiated coverage of CSX on March 7 with a Hold rating and a price target of $34. On February 12, the company announced that it is boosting its quarterly dividend by 8%, increasing it from $0.12 to $0.13 per share. The dividend will be paid on March 14, to shareholders on record as of February 28, 2025. It ranks 4th on our list of the best railroad stocks.

CSX Corporation (NASDAQ:CSX) reported a decline in Q4 2024 earnings, with operating income dropping to $1.11 billion from $1.32 billion last year. Revenue also slipped 4% to $3.54 billion, mainly due to lower fuel surcharge revenue and a drop in coal shipments, which outweighed gains from higher merchandise pricing and intermodal volume growth. However, total volume increased by 1% to 1.58 million units.

Among the hedge funds tracked by Insider Monkey, 63 funds reported owning stakes in CSX Corporation (NASDAQ:CSX) at the end of Q4 2024, up from 51 funds in the last quarter. Ken Fisher’s Fisher Asset Management was the leading position holder in the company, with roughly 25 million shares worth $805.3 million.