JPMorgan Chase & Co. Buys 303,224 Shares of RXO, Inc. (NYSE:RXO)

JPMorgan Chase & Co. boosted its holdings in RXO, Inc. (NYSE:RXO - Free Report) by 111.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 575,286 shares of the company's stock after buying an additional 303,224 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of RXO worth $13,715,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in RXO by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock valued at $783,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. lifted its stake 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 purchasing an additional 510 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in RXO by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock valued at $712,000 after acquiring an additional 518 shares during the period. Mutual of America Capital Management LLC increased its position in shares of RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock worth $505,000 after purchasing an additional 551 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after acquiring an additional 570 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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RXO Trading Down 3.4 %

RXO traded down $0.47 during trading on Tuesday, reaching $13.52. 891,494 shares of the stock traded hands, compared to its average volume of 1,096,432. RXO, Inc. has a 12 month low of $12.39 and a 12 month high of $32.82. 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 50-day moving average is $18.68 and its 200 day moving average is $24.17. The stock has a market capitalization of $2.22 billion, a PE ratio of -6.38, a P/E/G ratio of 4.55 and a beta of 1.60.

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 the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Equities analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

RXO has been the topic of a number of recent research reports. Benchmark reiterated a "hold" rating on shares of RXO in a research report on Wednesday, January 15th. Citigroup dropped their price objective on RXO from $23.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Barclays lowered their price target on RXO from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus cut their price objective on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their target price on RXO from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.73.

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.