FIL Ltd increased its stake in RXO, Inc. (NYSE:RXO - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,327,889 shares of the company's stock after acquiring an additional 596,158 shares during the period. FIL Ltd owned about 3.94% of RXO worth $150,857,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in RXO by 11.8% in the fourth quarter. Invesco Ltd. now owns 634,503 shares of the company's stock valued at $15,127,000 after purchasing an additional 66,832 shares during the last quarter. Bank of Montreal Can increased its stake in shares of RXO by 18.5% in the fourth quarter. Bank of Montreal Can now owns 22,454 shares of the company's stock worth $535,000 after buying an additional 3,505 shares during the period. Wells Fargo & Company MN raised its holdings in RXO by 46.6% during the 4th quarter. Wells Fargo & Company MN now owns 97,448 shares of the company's stock valued at $2,323,000 after buying an additional 30,993 shares during the last quarter. BloombergSen Inc. boosted its position in RXO by 35.4% during the 4th quarter. BloombergSen Inc. now owns 591,474 shares of the company's stock valued at $14,101,000 after buying an additional 154,718 shares during the period. Finally, Motley Fool Asset Management LLC grew its holdings in RXO by 9.5% in the 4th quarter. Motley Fool Asset Management LLC now owns 412,179 shares of the company's stock worth $9,826,000 after acquiring an additional 35,826 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Benchmark reaffirmed a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Oppenheimer lowered shares of RXO from an "outperform" rating to a "market perform" rating in a research note on Friday, April 4th. Jefferies Financial Group decreased their price target on shares of RXO from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday. Stifel Nicolaus reduced their target price on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on RXO from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.73.
Get Our Latest Research Report on RXO
RXO Stock Up 1.7 %
Shares of NYSE:RXO traded up $0.23 during trading on Monday, reaching $13.91. 179,885 shares of the stock traded hands, compared to its average volume of 1,093,617. The stock has a market cap of $2.28 billion, a P/E ratio of -6.56, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The stock has a 50-day moving average of $18.83 and a two-hundred day moving average of $24.27. RXO, Inc. has a 52-week low of $12.39 and a 52-week high of $32.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26.
RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.
About RXO
(
Free Report)
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.
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