RXO, Inc. (NYSE:RXO) Stake Boosted by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in RXO, Inc. (NYSE:RXO - Free Report) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 506,570 shares of the company's stock after acquiring an additional 77,582 shares during the quarter. Natixis Advisors LLC owned 0.32% of RXO worth $12,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RXO. Blue Trust Inc. boosted its holdings in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in RXO in the third quarter valued at $28,000. Smartleaf Asset Management LLC boosted its holdings in RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock valued at $30,000 after acquiring an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock valued at $39,000 after acquiring an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock worth $43,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

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RXO Stock Down 2.1 %

RXO stock traded down $0.40 during midday trading on Friday, hitting $18.55. The stock had a trading volume of 2,942,624 shares, compared to its average volume of 995,617. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.03 billion, a P/E ratio of -8.75, a P/E/G ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 12 month low of $17.50 and a 12 month high of $32.82. The business has a fifty day moving average price of $21.91 and a 200 day moving average price of $25.47.

RXO (NYSE:RXO - Get Free Report) last announced 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 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RXO. Wells Fargo & Company reduced their price objective on RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft began coverage on RXO in a research note on Friday, March 7th. They set a "hold" rating and a $19.00 price objective on the stock. Truist Financial began coverage on RXO in a research note on Thursday, March 13th. They set a "buy" rating and a $24.00 price objective on the stock. Barclays reduced their price objective on RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley cut their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.80.

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.