Natixis Advisors LLC Boosts Holdings in RXO, Inc. (NYSE:RXO)

Natixis Advisors LLC lifted its position in RXO, Inc. (NYSE:RXO - Free Report) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,988 shares of the company's stock after purchasing an additional 65,477 shares during the quarter. Natixis Advisors LLC owned about 0.27% of RXO worth $12,011,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 510 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in RXO by 2.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company's stock valued at $668,000 after acquiring an additional 575 shares during the last quarter. Arizona State Retirement System grew its position in RXO by 2.3% in the second quarter. Arizona State Retirement System now owns 32,906 shares of the company's stock worth $860,000 after acquiring an additional 751 shares during the period. KBC Group NV increased its stake in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company's stock worth $114,000 after acquiring an additional 890 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in RXO by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 59,100 shares of the company's stock valued at $1,545,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Wall Street Analyst Weigh In

RXO has been the subject of a number of research analyst reports. UBS Group increased their price target on RXO from $22.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. Citigroup lowered shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 target price for the company. in a research note on Tuesday, November 12th. Morgan Stanley boosted their price target on shares of RXO from $19.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, August 12th. Jefferies Financial Group lowered their price objective on shares of RXO from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $31.00 target price on shares of RXO in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.47.

RXO Trading Up 0.9 %

RXO stock opened at $27.78 on Thursday. RXO, Inc. has a 1 year low of $18.75 and a 1 year high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business's 50-day moving average is $27.92 and its two-hundred day moving average is $26.25.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that RXO, Inc. will post 0.12 EPS for the current fiscal year.

About RXO

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.