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

Swedbank AB lowered its position in RXO, Inc. (NYSE:RXO - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,764,000 shares of the company's stock after selling 362,000 shares during the quarter. Swedbank AB owned about 1.72% of RXO worth $65,894,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in RXO in the 3rd quarter worth about $28,000. Blue Trust Inc. raised its holdings in shares of RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after buying an additional 510 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after buying an additional 570 shares during the period. GAMMA Investing LLC lifted its stake in shares of RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock worth $50,000 after acquiring an additional 510 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after acquiring an additional 1,445 shares during the period. Institutional investors own 92.73% of the company's stock.

RXO Stock Down 0.2 %

RXO traded down $0.06 during trading on Thursday, hitting $25.84. The stock had a trading volume of 197,422 shares, compared to its average volume of 934,460. RXO, Inc. has a twelve month low of $18.75 and a twelve month high of $32.82. The stock has a 50 day simple moving average of $26.45 and a two-hundred day simple moving average of $27.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $4.15 billion, a PE ratio of -13.05, a PEG ratio of 3.72 and a beta of 1.52.

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

Analyst Ratings Changes

Several research firms have recently weighed in on RXO. The Goldman Sachs Group reiterated a "neutral" rating and set a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Barclays dropped their target price on shares of RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Citigroup downgraded shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a research note on Tuesday, November 12th. Stifel Nicolaus increased their price objective on RXO from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Susquehanna lowered 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.79.

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.