RXO, Inc. (NYSE:RXO) Holdings Cut by Hauser Brothers GmbH

Hauser Brothers GmbH reduced its stake in RXO, Inc. (NYSE:RXO - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,100 shares of the company's stock after selling 71,000 shares during the period. RXO makes up 2.2% of Hauser Brothers GmbH's portfolio, making the stock its 9th biggest position. Hauser Brothers GmbH owned approximately 0.08% of RXO worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its position in RXO by 185.5% in the 3rd quarter. Barclays PLC now owns 908,873 shares of the company's stock valued at $25,449,000 after acquiring an additional 590,530 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of RXO in the third quarter worth $28,000. Franklin Resources Inc. bought a new position in shares of RXO during the third quarter valued at $22,344,000. Principal Financial Group Inc. boosted its position in shares of RXO by 11.3% during the third quarter. Principal Financial Group Inc. now owns 650,222 shares of the company's stock valued at $18,206,000 after buying an additional 66,159 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in RXO by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company's stock worth $7,618,000 after buying an additional 113,685 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RXO. Stifel Nicolaus dropped their price target on shares of RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of RXO in a report on Friday, March 7th. They issued a "hold" rating and a $19.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Susquehanna dropped 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, March 26th. Finally, Barclays cut their price objective on RXO from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.40.

RXO Price Performance

Shares of NYSE RXO traded down $0.61 during mid-day trading on Friday, hitting $13.48. 1,208,791 shares of the company's stock traded hands, compared to its average volume of 1,141,658. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO, Inc. has a 1 year low of $12.19 and a 1 year high of $32.82. The company's 50-day moving average is $17.43 and its two-hundred day moving average is $23.44. The company has a market capitalization of $2.21 billion, a P/E ratio of -6.36, a PEG ratio of 4.55 and a beta of 1.60.

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 analysts' consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, equities analysts anticipate that RXO, Inc. will post 0.31 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.