Swedbank AB Trims Stock Holdings in RXO, Inc. (NYSE:RXO)

Swedbank AB lessened its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,126,000 shares of the company's stock after selling 153,000 shares during the period. Swedbank AB owned approximately 1.94% of RXO worth $87,528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its stake in RXO by 150.0% during the 1st quarter. Boston Partners now owns 42,526 shares of the company's stock valued at $930,000 after purchasing an additional 25,519 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in RXO by 1,459.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company's stock valued at $42,574,000 after purchasing an additional 1,523,650 shares during the last quarter. SG Americas Securities LLC boosted its stake in RXO by 1,407.4% during the 2nd quarter. SG Americas Securities LLC now owns 103,993 shares of the company's stock valued at $2,719,000 after purchasing an additional 97,094 shares during the last quarter. Comerica Bank boosted its stake in RXO by 219.0% during the 1st quarter. Comerica Bank now owns 170,377 shares of the company's stock valued at $3,726,000 after purchasing an additional 116,974 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in RXO by 20.7% during the 2nd quarter. Primecap Management Co. CA now owns 1,020,900 shares of the company's stock valued at $26,697,000 after purchasing an additional 175,300 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

RXO Trading Up 7.3 %

Shares of NYSE RXO traded up $2.06 during trading hours on Monday, reaching $30.42. The stock had a trading volume of 1,706,362 shares, compared to its average volume of 859,855. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -15.36, a P/E/G ratio of 15.28 and a beta of 1.33. The business's fifty day moving average price is $28.11 and its two-hundred day moving average price is $26.47. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. RXO's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Analysts expect that RXO, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on RXO. Susquehanna dropped their price target on RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research note on Tuesday, November 12th. Benchmark restated a "hold" rating on shares of RXO in a research note on Tuesday, October 15th. Citigroup downgraded RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a research note on Tuesday, November 12th. The Goldman Sachs Group restated a "neutral" rating and issued a $29.00 price target on shares of RXO in a research note on Monday, November 18th. Finally, Jefferies Financial Group dropped their price target on RXO from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.47.

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.