Motley Fool Wealth Management LLC reduced its holdings in RXO, Inc. (NYSE:RXO - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,146 shares of the company's stock after selling 28,417 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.35% of RXO worth $13,639,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of RXO. Mutual of America Capital Management LLC raised its position in RXO by 6.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 20,639 shares of the company's stock valued at $578,000 after purchasing an additional 1,318 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of RXO by 10.5% in the third quarter. Thrivent Financial for Lutherans now owns 107,817 shares of the company's stock valued at $3,019,000 after buying an additional 10,235 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of RXO in the third quarter valued at about $625,000. Charles Schwab Investment Management Inc. lifted its position in RXO by 7.1% during the 3rd 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. Finally, Citigroup Inc. grew its holdings in RXO by 132.4% during the 3rd quarter. Citigroup Inc. now owns 196,748 shares of the company's stock worth $5,509,000 after acquiring an additional 112,073 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO in a research report on Friday, March 7th. They issued a "hold" rating and a $19.00 price objective for the company. The Goldman Sachs Group decreased their price objective on RXO from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna cut their price target on RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.33.
Get Our Latest Research Report on RXO
RXO Trading Down 2.5 %
RXO stock traded down $0.49 during midday trading on Friday, hitting $18.86. 756,611 shares of the company's stock were exchanged, compared to its average volume of 1,036,859. RXO, Inc. has a one year low of $17.50 and a one year high of $32.82. The stock's fifty day moving average price is $21.31 and its 200-day moving average price is $25.19. The company has a market cap of $3.08 billion, a PE ratio of -8.90, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting 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 predict 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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