Victory Capital Management Inc. grew 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 (SEC). The institutional investor owned 849,340 shares of the company's stock after acquiring an additional 88,110 shares during the quarter. Victory Capital Management Inc. owned about 0.53% of RXO worth $20,248,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after purchasing an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO in the third quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its stake in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after buying an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position 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 acquiring an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake 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 in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.
RXO Price Performance
RXO stock opened at $17.63 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -8.32, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The company's 50 day simple moving average is $22.91 and its 200-day simple moving average is $26.01. RXO, Inc. has a 1 year low of $17.59 and a 1 year high of $32.82.
RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, equities research analysts expect that RXO, Inc. will post 0.31 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on RXO. Wells Fargo & Company lowered their target price on RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Susquehanna reduced their price objective on RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group dropped 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 reduced their price target on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley dropped their price objective on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Two investment 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.93.
View Our Latest Report on RXO
About RXO
(
Free Report)
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.
Further Reading
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