Tectonic Advisors LLC Makes New Investment in RXO, Inc. (NYSE:RXO)

Tectonic Advisors LLC bought a new position in shares of RXO, Inc. (NYSE:RXO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,712 shares of the company's stock, valued at approximately $1,066,000.

Several other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of RXO during the third quarter valued at approximately $28,000. Blue Trust Inc. boosted 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 buying an additional 510 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock valued at $39,000 after buying an additional 570 shares during the period. GAMMA Investing LLC raised its stake in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock valued at $50,000 after buying an additional 510 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock worth $43,000 after acquiring an additional 1,445 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Price Performance

Shares of NYSE RXO traded down $1.00 during trading on Friday, reaching $20.48. The company had a trading volume of 1,982,001 shares, compared to its average volume of 1,129,658. RXO, Inc. has a 52 week low of $18.75 and a 52 week high of $32.82. The business's 50 day moving average price is $25.59 and its 200-day moving average price is $27.43. The stock has a market cap of $3.29 billion, a PE ratio of -9.66, a PEG ratio of 3.63 and a beta of 1.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Analysts expect that RXO, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

RXO has been the topic of a number of analyst reports. Benchmark reissued a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Morgan Stanley lowered 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. Stifel Nicolaus cut their target price on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday. Citigroup cut RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a research report on Tuesday, November 12th. Finally, Susquehanna cut their price objective on RXO from $16.00 to $12.00 and set a "negative" rating for the company in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.46.

RXO 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.