Vaughan Nelson Investment Management L.P. Purchases 508,330 Shares of RXO, Inc. (NYSE:RXO)

Vaughan Nelson Investment Management L.P. lifted its stake in RXO, Inc. (NYSE:RXO - Free Report) by 27.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,375,410 shares of the company's stock after buying an additional 508,330 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.48% of RXO worth $56,629,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC purchased a new position in RXO in the 2nd quarter valued at about $226,000. GAMMA Investing LLC grew its stake in RXO by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock worth $50,000 after purchasing an additional 510 shares in the last quarter. Atomi Financial Group Inc. bought a new position in RXO during the 3rd quarter worth approximately $234,000. Creative Planning bought a new stake in shares of RXO in the 3rd quarter valued at approximately $361,000. Finally, Seven Grand Managers LLC bought a new stake in RXO during the third quarter valued at $4,200,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on RXO. The Goldman Sachs Group lowered their target price on RXO from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus cut their target price on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Susquehanna cut their price objective on shares of RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research report on Tuesday, November 12th. Jefferies Financial Group decreased their target price on shares of RXO from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Finally, Barclays lowered their target price on RXO from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.46.

RXO Price Performance

Shares of RXO stock traded down $1.01 on Wednesday, hitting $19.87. 993,507 shares of the company's stock were exchanged, compared to its average volume of 1,163,932. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO, Inc. has a 12 month low of $18.75 and a 12 month high of $32.82. The stock has a market cap of $3.19 billion, a P/E ratio of -9.37, a price-to-earnings-growth ratio of 3.63 and a beta of 1.53. The company has a 50 day moving average of $25.07 and a 200 day moving average of $27.23.

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, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, equities research analysts predict that RXO, Inc. will post 0.39 EPS for the current year.

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.