Cibc World Markets Corp Makes New Investment in RXO, Inc. (NYSE:RXO)

Cibc World Markets Corp purchased a new stake in RXO, Inc. (NYSE:RXO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,926 shares of the company's stock, valued at approximately $356,000.

Other large investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC lifted its stake in shares of RXO by 6.8% during the third quarter. Mutual of America Capital Management LLC now owns 20,639 shares of the company's stock valued at $578,000 after buying an additional 1,318 shares during the period. Thrivent Financial for Lutherans raised its holdings in RXO by 10.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 107,817 shares of the company's stock valued at $3,019,000 after acquiring an additional 10,235 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of RXO during the 3rd quarter worth $625,000. Landscape Capital Management L.L.C. acquired a new stake in shares of RXO during the third quarter worth $278,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of RXO by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company's stock valued at $57,915,000 after purchasing an additional 136,886 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Down 2.5 %

RXO traded down $0.49 on Friday, reaching $18.86. The company's stock had a trading volume of 756,611 shares, compared to its average volume of 1,035,786. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO, Inc. has a 1 year low of $17.50 and a 1 year high of $32.82. The business's 50 day moving average is $21.44 and its 200 day moving average is $25.25. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -8.90, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67.

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RXO (NYSE:RXO - Get Free Report) last released 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%. As a group, research analysts forecast that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

RXO has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Truist Financial started coverage on shares of RXO in a research note on Thursday, March 13th. They set a "buy" rating and a $24.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday. Stifel Nicolaus cut their target price on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark restated a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, RXO has an average rating of "Hold" and an average price target of $25.33.

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.