Loomis Sayles & Co. L P Has $32.60 Million Stock Position in RXO, Inc. (NYSE:RXO)

Loomis Sayles & Co. L P boosted its stake in RXO, Inc. (NYSE:RXO - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367,508 shares of the company's stock after buying an additional 368,799 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.85% of RXO worth $32,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of RXO by 439.5% in the 3rd quarter. FMR LLC now owns 47,837 shares of the company's stock worth $1,339,000 after acquiring an additional 38,970 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in RXO by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company's stock worth $51,138,000 after purchasing an additional 76,653 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in RXO in the 4th quarter valued at $2,004,000. Victory Capital Management Inc. boosted its holdings in RXO by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company's stock valued at $20,248,000 after acquiring an additional 88,110 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of RXO by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company's stock valued at $7,618,000 after purchasing an additional 113,685 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

RXO has been the topic of several analyst reports. Wells Fargo & Company cut their price objective on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on RXO in a research note on Friday, March 7th. They issued a "hold" rating and a $19.00 price target on the stock. The Goldman Sachs Group reduced their price target on RXO from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Susquehanna dropped their price objective on RXO from $18.00 to $13.00 and set a "negative" rating for the company in a report on Wednesday, March 26th. Finally, Morgan Stanley cut their price target on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, RXO presently has an average rating of "Hold" and an average price target of $25.33.

RXO Stock Down 0.1 %

Shares of NYSE:RXO traded down $0.01 during midday trading on Tuesday, reaching $19.09. The company had a trading volume of 132,957 shares, compared to its average volume of 1,034,644. RXO, Inc. has a 1-year low of $17.50 and a 1-year high of $32.82. The stock has a market cap of $3.12 billion, a PE ratio of -8.97, a P/E/G 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 business's 50 day moving average price is $21.19 and its 200 day moving average price is $25.14.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share 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%. Research analysts forecast that RXO, Inc. will post 0.31 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.