RXO, Inc. (NYSE:RXO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its stake in RXO, Inc. (NYSE:RXO) by 79.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,150 shares of the company’s stock after purchasing an additional 510 shares during the quarter. Blue Trust Inc.’s holdings in RXO were worth $27,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO in the 3rd quarter worth $28,000. Nomura Asset Management Co. Ltd. grew 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 valued at $39,000 after purchasing an additional 570 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,445 shares during the last quarter. GAMMA Investing LLC increased its position in RXO by 40.0% during 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 during the last quarter. Finally, KBC Group NV raised its stake in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after purchasing an additional 890 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Trading Up 4.8 %

NYSE RXO opened at $21.50 on Tuesday. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82. The firm has a 50 day simple moving average of $25.42 and a 200-day simple moving average of $27.35. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -10.14, 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) last posted 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 negative net margin of 6.26% and a positive return on equity of 1.53%. Equities research analysts anticipate that RXO, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 10th. Benchmark reissued a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Tuesday, November 12th. Morgan Stanley lowered their price target on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Barclays reduced their price objective on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.46.

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.