Hauser Brothers GmbH Has $3.13 Million Stake in RXO, Inc. (NYSE:RXO)

Hauser Brothers GmbH trimmed its position in shares of 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 SEC. The institutional investor owned 131,100 shares of the company's stock after selling 71,000 shares during the quarter. RXO makes up 2.2% of Hauser Brothers GmbH's portfolio, making the stock its 9th biggest holding. Hauser Brothers GmbH owned 0.08% of RXO worth $3,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock worth $783,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after purchasing an additional 510 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of RXO by 1.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock worth $712,000 after buying an additional 518 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of RXO by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock valued at $505,000 after buying an additional 551 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in RXO by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 47,110 shares of the company's stock worth $1,123,000 after acquiring an additional 747 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analyst Weigh In

RXO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on RXO in a report on Friday, March 7th. They set a "hold" rating and a $19.00 price objective on the stock. The Goldman Sachs Group cut their price target on shares of RXO from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut their target price on RXO from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Morgan Stanley dropped their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Barclays dropped their target price on shares of RXO from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, RXO presently has an average rating of "Hold" and an average price target of $22.40.

RXO Stock Down 4.3 %

NYSE:RXO traded down $0.61 during mid-day trading on Friday, reaching $13.48. The stock had a trading volume of 1,208,791 shares, compared to its average volume of 1,143,321. The stock's 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $23.34. RXO, Inc. has a 1-year low of $12.19 and a 1-year high of $32.82. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -6.36, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. 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 (NYSE:RXO - Get Free Report) last posted its quarterly earnings results 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 anticipate that RXO, Inc. will post 0.31 EPS for the current year.

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.