Thrivent Financial for Lutherans Has $3.02 Million Stake in RXO, Inc. (NYSE:RXO)

Thrivent Financial for Lutherans raised its stake in shares of RXO, Inc. (NYSE:RXO) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,817 shares of the company’s stock after buying an additional 10,235 shares during the period. Thrivent Financial for Lutherans owned 0.07% of RXO worth $3,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in 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 during the last quarter. KBC Group NV boosted its position in shares of RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after acquiring an additional 890 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of RXO in the second quarter valued at approximately $112,000. City Holding Co. grew its stake in shares of RXO by 57.9% in the third quarter. City Holding Co. now owns 5,241 shares of the company’s stock worth $147,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. increased its position in RXO by 29.6% during the third quarter. Quintet Private Bank Europe S.A. now owns 5,304 shares of the company’s stock worth $149,000 after acquiring an additional 1,212 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Price Performance

Shares of RXO opened at $30.88 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4.97 billion, a PE ratio of -15.60, a PEG ratio of 15.28 and a beta of 1.33. RXO, Inc. has a 12-month low of $18.75 and a 12-month high of $32.82. The business has a 50-day simple moving average of $28.11 and a two-hundred day simple moving average of $26.47.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. Analysts anticipate that RXO, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on RXO shares. Susquehanna dropped their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Oppenheimer restated an “outperform” rating and set a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research report on Monday, November 18th. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 12th. Finally, UBS Group upped their target price on RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.47.

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.