95,100 Shares in RXO, Inc. (NYSE:RXO) Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new position in shares of RXO, Inc. (NYSE:RXO – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 95,100 shares of the company’s stock, valued at approximately $1,651,000.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in RXO during the 4th quarter worth $25,000. Antonetti Capital Management LLC acquired a new stake in RXO during the 4th quarter worth $29,000. Shell Asset Management Co. acquired a new stake in RXO during the 4th quarter worth $30,000. Mendota Financial Group LLC acquired a new stake in shares of RXO in the 4th quarter worth $49,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of RXO in the 4th quarter worth $50,000. Institutional investors and hedge funds own 9.85% of the company’s stock.

RXO Price Performance

NYSE:RXO opened at $20.45 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day moving average price of $19.02 and a two-hundred day moving average price of $18.65. RXO, Inc. has a twelve month low of $14.75 and a twelve month high of $25.50.

RXO (NYSE:RXO – Get Rating) last posted its earnings results on Wednesday, May 3rd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.07 billion. The business’s quarterly revenue was down 22.9% on a year-over-year basis. Analysts expect that RXO, Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on RXO. Stephens restated an “equal weight” rating and issued a $20.00 target price on shares of RXO in a research note on Wednesday, February 8th. UBS Group raised their target price on shares of RXO from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. The Goldman Sachs Group raised their target price on shares of RXO from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Oppenheimer raised their target price on shares of RXO from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Finally, Cowen initiated coverage on shares of RXO in a research note on Monday, February 27th. They issued a “market perform” rating and a $22.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, RXO has a consensus rating of “Hold” and a consensus target price of $21.62.

About RXO

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RXO, Inc provides full truckload freight transportation brokering services through its proprietary digital marketplace in North America. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was founded in 2022 and is based in Charlotte, North Carolina.