RXO, Inc. (NYSE:RXO) Shares Purchased by Fmr LLC

FMR LLC boosted its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 439.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,837 shares of the company's stock after acquiring an additional 38,970 shares during the period. FMR LLC's holdings in RXO were worth $1,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RXO. GAMMA Investing LLC increased its holdings in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock valued at $50,000 after acquiring an additional 510 shares during the last quarter. KBC Group NV boosted its holdings in RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company's stock valued at $114,000 after purchasing an additional 890 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in RXO during the second quarter worth approximately $112,000. City Holding Co. raised its holdings in RXO by 57.9% during the third quarter. City Holding Co. now owns 5,241 shares of the company's stock worth $147,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its position in shares of RXO by 29.6% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 5,304 shares of the company's stock worth $149,000 after buying an additional 1,212 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RXO shares. Susquehanna dropped their target price on shares of RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research report on Tuesday, November 12th. Citigroup lowered RXO from a "buy" rating to a "neutral" rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 12th. Wells Fargo & Company reissued an "equal weight" rating and issued a $31.00 target price on shares of RXO in a report on Monday, November 11th. The Goldman Sachs Group reissued a "neutral" rating and issued a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.47.

RXO Stock Performance

RXO stock traded down $0.11 during trading hours on Monday, reaching $27.18. 1,344,692 shares of the stock were exchanged, compared to its average volume of 857,451. The stock has a market cap of $4.37 billion, a P/E ratio of -13.78, a P/E/G ratio of 15.82 and a beta of 1.32. The firm's 50 day moving average is $28.70 and its 200 day moving average is $27.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $956.19 million. During the same period in the prior year, the company posted $0.05 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that RXO, Inc. will post 0.12 EPS 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.