First Eagle Investment Management LLC Raises Holdings in RXO, Inc. (NYSE:RXO)

First Eagle Investment Management LLC boosted its holdings in RXO, Inc. (NYSE:RXO - Free Report) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 340,875 shares of the company's stock after acquiring an additional 54,000 shares during the period. First Eagle Investment Management LLC owned 0.21% of RXO worth $8,126,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its holdings in RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock valued at $783,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. lifted its stake in RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in RXO by 2.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock worth $505,000 after purchasing an additional 551 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in 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 in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in RXO by 4.9% during the third quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company's stock worth $390,000 after purchasing an additional 650 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group decreased their price target on RXO from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on RXO in a research note on Friday, March 7th. They issued a "hold" rating and a $19.00 price objective on the stock. Stifel Nicolaus reduced their price objective on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. 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 note on Thursday, February 6th. Finally, Morgan Stanley reduced their price objective on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, RXO has an average rating of "Hold" and a consensus price target of $25.80.

RXO Stock Up 0.3 %

NYSE:RXO traded up $0.05 during trading hours on Wednesday, hitting $18.75. The company's stock had a trading volume of 971,834 shares, compared to its average volume of 977,994. The stock has a market capitalization of $3.06 billion, a P/E ratio of -8.85, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The stock has a fifty day moving average of $22.28 and a 200-day moving average of $25.65. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO, Inc. has a 52-week low of $17.50 and a 52-week high of $32.82.

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

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.