Handelsbanken Fonder AB Has $865,000 Holdings in RXO, Inc. (NYSE:RXO)

Handelsbanken Fonder AB boosted its position in RXO, Inc. (NYSE:RXO - Free Report) by 65.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,300 shares of the company's stock after purchasing an additional 14,300 shares during the period. Handelsbanken Fonder AB's holdings in RXO were worth $865,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new stake in shares of RXO during the 3rd quarter worth about $27,964,000. Zimmer Partners LP bought a new position in RXO in the 3rd quarter valued at about $22,680,000. Franklin Resources Inc. bought a new position in RXO in the 3rd quarter valued at about $22,344,000. Victory Capital Management Inc. lifted its position in RXO by 1,772.4% during the third quarter. Victory Capital Management Inc. now owns 761,230 shares of the company's stock worth $21,314,000 after acquiring an additional 720,574 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company's stock worth $143,498,000 after acquiring an additional 602,741 shares during the period. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

RXO has been the subject of several research reports. Jefferies Financial Group dropped their price target on RXO from $33.00 to $30.00 and set a "buy" rating for the company in a report on Friday, January 10th. Susquehanna dropped their target price on RXO from $16.00 to $12.00 and set a "negative" rating for the company in a report on Tuesday, November 12th. Barclays reduced their target price on shares of RXO from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Stifel Nicolaus lowered their price target on shares of RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup downgraded shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, RXO presently has a consensus rating of "Hold" and a consensus price target of $26.46.

RXO Price Performance

RXO traded down $0.22 during trading on Monday, hitting $20.25. 1,634,863 shares of the stock traded hands, compared to its average volume of 941,556. The business has a 50 day moving average price of $23.44 and a 200 day moving average price of $26.41. 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 twelve month low of $18.75 and a twelve month high of $32.82. The company has a market cap of $3.26 billion, a price-to-earnings ratio of -9.55, a PEG ratio of 4.55 and a beta of 1.53.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Equities research analysts forecast that RXO, Inc. will post 0.31 earnings per share 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.