RXO, Inc. (NYSE:RXO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,737 shares of the company's stock after selling 32,283 shares during the period. SG Americas Securities LLC's holdings in RXO were worth $351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. grew its holdings in RXO by 50.7% in the fourth quarter. Atomi Financial Group Inc. now owns 12,592 shares of the company's stock valued at $300,000 after purchasing an additional 4,238 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of RXO in the fourth quarter valued at approximately $375,000. City Holding Co. increased its stake in shares of RXO by 32.1% during the 4th quarter. City Holding Co. now owns 6,921 shares of the company's stock worth $165,000 after purchasing an additional 1,680 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in RXO by 407.0% in 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. Finally, Harbor Capital Advisors Inc. acquired a new stake in RXO during the 4th quarter valued at $2,004,000. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Down 4.6 %

Shares of RXO stock traded down $1.00 during trading hours on Friday, reaching $20.48. The company had a trading volume of 1,982,001 shares, compared to its average volume of 1,165,228. The stock's fifty day simple moving average is $25.59 and its 200 day simple moving average is $27.44. The company has a market capitalization of $3.29 billion, a P/E ratio of -10.34, a price-to-earnings-growth ratio of 3.98 and a beta of 1.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. RXO, Inc. has a twelve month low of $18.75 and a twelve month high of $32.82.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings results 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 negative net margin of 6.81% and a positive return on equity of 1.64%. As a group, sell-side analysts expect that RXO, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price objective on RXO from $28.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday. Citigroup lowered shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a research report on Tuesday, November 12th. Benchmark reaffirmed a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Barclays reduced their price target on RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Stifel Nicolaus dropped their target price on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.14.

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.