RXO, Inc. (NYSE:RXO) Shares Sold by Boston Partners

Boston Partners decreased its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 28.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,937 shares of the company's stock after selling 16,683 shares during the quarter. Boston Partners' holdings in RXO were worth $1,024,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RXO. Blue Trust Inc. lifted its holdings in RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after buying an additional 510 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of RXO during the 3rd quarter worth $28,000. Smartleaf Asset Management LLC boosted its position in RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock valued at $30,000 after purchasing an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in RXO by 68.7% in 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock worth $43,000 after purchasing an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Stock Performance

RXO stock traded down $0.07 during midday trading on Wednesday, hitting $19.04. 988,413 shares of the company were exchanged, compared to its average volume of 999,743. The business has a fifty day simple moving average of $21.69 and a two-hundred day simple moving average of $25.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The firm has a market capitalization of $3.11 billion, a PE ratio of -8.98, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. RXO, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $32.82.

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RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS 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, sell-side analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of RXO in a research note on Friday, March 7th. They set a "hold" rating and a $19.00 price objective for the company. Jefferies Financial Group reduced their price target on RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group decreased their price target on RXO from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.87.

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.