Rhumbline Advisers Buys 43,709 Shares of RXO, Inc. (NYSE:RXO)

Rhumbline Advisers increased its holdings in RXO, Inc. (NYSE:RXO - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,867 shares of the company's stock after acquiring an additional 43,709 shares during the period. Rhumbline Advisers owned about 0.25% of RXO worth $9,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RXO. Blue Trust Inc. raised its position in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after acquiring an additional 510 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of RXO during the 3rd quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after purchasing an additional 570 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of RXO by 407.0% in the 4th 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 during the period. Finally, KBC Group NV lifted its stake in RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company's stock valued at $114,000 after purchasing an additional 890 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Up 2.9 %

RXO stock traded up $0.57 during trading on Friday, hitting $20.48. 1,785,842 shares of the company traded hands, compared to its average volume of 1,184,329. 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, Inc. has a 1 year low of $18.75 and a 1 year high of $32.82. The company has a 50-day moving average of $23.60 and a 200-day moving average of $26.53. The firm has a market capitalization of $3.29 billion, a PE ratio of -9.66, a P/E/G ratio of 4.55 and a beta of 1.53.

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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, 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%. Analysts predict that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RXO. Morgan Stanley lowered their target price 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. Jefferies Financial Group lowered their price objective on RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. 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 report on Tuesday, November 12th. Barclays reduced their price target on RXO from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Benchmark reissued a "hold" rating on shares of RXO in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $26.46.

RXO 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.