RXO, Inc. (NYSE:RXO) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its holdings in shares of RXO, Inc. (NYSE:RXO - Free Report) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,310 shares of the company's stock after buying an additional 20,880 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of RXO worth $4,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of RXO by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock valued at $783,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. increased its holdings in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after acquiring an additional 510 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of RXO by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock worth $712,000 after buying an additional 518 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock worth $505,000 after acquiring an additional 551 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RXO shares. Oppenheimer downgraded RXO from an "outperform" rating to a "market perform" rating in a research report on Friday, April 4th. Barclays dropped their target price on shares of RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Benchmark restated a "hold" rating on shares of RXO in a report on Wednesday, January 15th. The Goldman Sachs Group lowered their target price on RXO from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Stifel Nicolaus lowered their price target on shares of RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, RXO currently has an average rating of "Hold" and an average price target of $22.73.

RXO Price Performance

RXO traded down $0.47 during midday trading on Tuesday, hitting $13.52. 891,494 shares of the company traded hands, compared to its average volume of 1,098,898. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO, Inc. has a 52-week low of $12.39 and a 52-week high of $32.82. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -6.38, a PEG ratio of 4.55 and a beta of 1.60. The business has a 50 day simple moving average of $18.52 and a two-hundred day simple moving average of $24.10.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, equities analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.