BloombergSen Inc. Raises Holdings in RXO, Inc. (NYSE:RXO)

BloombergSen Inc. raised its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 35.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 591,474 shares of the company's stock after buying an additional 154,718 shares during the quarter. RXO comprises about 0.9% of BloombergSen Inc.'s investment portfolio, making the stock its 17th biggest holding. BloombergSen Inc. owned about 0.37% of RXO worth $14,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in RXO during the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after buying an additional 868 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of RXO by 68.7% during the third 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after buying an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

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RXO Price Performance

NYSE:RXO traded down $0.37 during trading hours on Wednesday, reaching $12.57. 953,386 shares of the company were exchanged, compared to its average volume of 1,074,655. 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 $2.06 billion, a PE ratio of -5.94, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. RXO, Inc. has a twelve month low of $12.42 and a twelve month high of $32.82. The stock's 50-day moving average is $19.71 and its 200-day moving average is $24.63.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RXO. Barclays dropped their price target on RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Jefferies Financial Group lowered their target price on shares of RXO from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Oppenheimer lowered RXO from an "outperform" rating to a "market perform" rating in a research note on Friday, April 4th. Stifel Nicolaus lowered their price objective on shares of RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, Susquehanna lowered their price target on RXO from $18.00 to $13.00 and set a "negative" rating for the company in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $23.60.

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.