EFG Asset Management North America Corp. Has $3.37 Million Holdings in RXO, Inc. (NYSE:RXO)

EFG Asset Management North America Corp. increased its holdings in RXO, Inc. (NYSE:RXO) by 58.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 141,437 shares of the company’s stock after purchasing an additional 52,161 shares during the period. EFG Asset Management North America Corp.’s holdings in RXO were worth $3,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mutual of America Capital Management LLC increased its stake in shares of RXO by 6.8% in the third quarter. Mutual of America Capital Management LLC now owns 20,639 shares of the company’s stock valued at $578,000 after buying an additional 1,318 shares during the period. Thrivent Financial for Lutherans increased its position in RXO by 10.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 107,817 shares of the company’s stock valued at $3,019,000 after purchasing an additional 10,235 shares during the period. Intech Investment Management LLC bought a new position in RXO during the 3rd quarter worth approximately $625,000. Landscape Capital Management L.L.C. acquired a new position in shares of RXO in the 3rd quarter worth approximately $278,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of RXO by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock valued at $57,915,000 after purchasing an additional 136,886 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Stock Performance

Shares of RXO opened at $19.09 on Tuesday. RXO, Inc. has a 52 week low of $17.50 and a 52 week high of $32.82. 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 stock has a 50 day moving average price of $21.80 and a two-hundred day moving average price of $25.39. The firm has a market capitalization of $3.12 billion, a P/E ratio of -9.00, a P/E/G ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (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%. Equities analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RXO. Morgan Stanley lowered their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their target price on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on RXO in a report on Friday, March 7th. They issued a “hold” rating and a $19.00 target price for the company. Finally, Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.80.

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.