EFG Asset Management North America Corp. Has $3.37 Million Position in RXO, Inc. (NYSE:RXO)

EFG Asset Management North America Corp. lifted its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 58.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,437 shares of the company's stock after buying an additional 52,161 shares during the quarter. EFG Asset Management North America Corp. owned about 0.09% of RXO worth $3,371,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RXO shares. Jefferies Financial Group cut their target price on RXO from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Stifel Nicolaus cut their price objective on shares of RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Truist Financial assumed coverage on shares of RXO in a report on Thursday, March 13th. They issued a "buy" rating and a $24.00 target price on the stock. Benchmark reaffirmed a "hold" rating on shares of RXO in a report on Wednesday, January 15th. Finally, Barclays decreased their price objective on shares of RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.33.

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RXO Trading Down 2.5 %

Shares of RXO stock traded down $0.49 during mid-day trading on Friday, reaching $18.86. 756,611 shares of the stock traded hands, compared to its average volume of 1,036,859. The company 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. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The stock's fifty day simple moving average is $21.31 and its two-hundred day simple moving average is $25.19. RXO, Inc. has a 1-year low of $17.50 and a 1-year high of $32.82.

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

RXO 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.