Primecap Management Co. CA lessened its stake in RXO, Inc. (NYSE:RXO - Free Report) by 58.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 301,496 shares of the company's stock after selling 420,704 shares during the quarter. Primecap Management Co. CA owned 0.19% of RXO worth $7,188,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Markets Corp purchased a new stake in shares of RXO during the 4th quarter worth $356,000. Royce & Associates LP raised its stake in RXO by 32.5% in the fourth quarter. Royce & Associates LP now owns 53,000 shares of the company's stock valued at $1,264,000 after buying an additional 13,000 shares in the last quarter. Natixis Advisors LLC lifted its holdings in RXO by 18.1% during the 4th quarter. Natixis Advisors LLC now owns 506,570 shares of the company's stock worth $12,077,000 after buying an additional 77,582 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of RXO by 18.8% during the 4th quarter. First Eagle Investment Management LLC now owns 340,875 shares of the company's stock worth $8,126,000 after acquiring an additional 54,000 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of RXO by 0.6% in the 4th quarter. Swiss National Bank now owns 201,800 shares of the company's stock valued at $4,811,000 after acquiring an additional 1,200 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently weighed in on RXO. Stifel Nicolaus decreased their target price on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Truist Financial started coverage on shares of RXO in a research report on Thursday, March 13th. They set a "buy" rating and a $24.00 price objective for the company. Barclays lowered their target price on shares of RXO from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, January 17th. The Goldman Sachs Group cut their price target on shares of RXO from $28.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research note on Friday, March 7th. They issued a "hold" rating and a $19.00 price objective for the company. Two equities research 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 company presently has a consensus rating of "Hold" and an average target price of $25.80.
Check Out Our Latest Report on RXO
RXO Price Performance
Shares of NYSE:RXO traded up $0.50 on Monday, reaching $19.09. 984,817 shares of the company were exchanged, compared to its average volume of 995,571. The company has a 50-day moving average of $21.91 and a 200-day moving average of $25.45. 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 firm has a market cap of $3.12 billion, a price-to-earnings ratio of -9.00, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 1-year low of $17.50 and a 1-year high of $32.82.
RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) 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%. Equities analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.
RXO Company Profile
(
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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