Russell Investments Group Ltd. Has $3.96 Million Stake in RXO, Inc. (NYSE:RXO)

Russell Investments Group Ltd. lessened its holdings in RXO, Inc. (NYSE:RXO - Free Report) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,885 shares of the company's stock after selling 45,973 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of RXO worth $3,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in RXO by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 97,448 shares of the company's stock worth $2,323,000 after buying an additional 30,993 shares during the last quarter. BloombergSen Inc. grew its holdings in RXO by 35.4% during the fourth quarter. BloombergSen Inc. now owns 591,474 shares of the company's stock valued at $14,101,000 after purchasing an additional 154,718 shares during the period. Motley Fool Asset Management LLC increased its stake in RXO by 9.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 412,179 shares of the company's stock valued at $9,826,000 after purchasing an additional 35,826 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in RXO in the fourth quarter worth $1,950,000. Finally, Geode Capital Management LLC boosted its position in shares of RXO by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company's stock worth $80,185,000 after purchasing an additional 307,492 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Stock Up 2.3 %

RXO traded up $0.30 during trading on Friday, reaching $13.21. 1,089,043 shares of the stock were exchanged, compared to its average volume of 1,098,917. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The stock's 50 day moving average price is $18.05 and its two-hundred day moving average price is $23.83. RXO, Inc. has a twelve month low of $12.39 and a twelve month high of $32.82. The stock has a market cap of $2.17 billion, a P/E ratio of -6.23, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60.

RXO (NYSE:RXO - Get Free Report) last issued its earnings results 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 negative net margin of 6.26% and a positive return on equity of 1.53%. Equities analysts expect that RXO, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RXO shares. Jefferies Financial Group dropped their price objective on RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus cut their price objective on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Morgan Stanley cut their price target on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Finally, Truist Financial assumed coverage on shares of RXO in a research report on Thursday, March 13th. They set a "buy" rating and a $24.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.73.

RXO Company 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.