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

Blue Trust Inc. raised its position in RXO, Inc. (NYSE:RXO) by 79.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,150 shares of the company’s stock after buying an additional 510 shares during the period. Blue Trust Inc.’s holdings in RXO were worth $27,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of RXO by 439.5% during the 3rd quarter. FMR LLC now owns 47,837 shares of the company’s stock worth $1,339,000 after purchasing an additional 38,970 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in RXO in the fourth quarter valued at $2,004,000. JPMorgan Chase & Co. lifted its holdings in RXO by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock worth $7,618,000 after buying an additional 113,685 shares during the last quarter. Citigroup Inc. boosted its position in shares of RXO by 132.4% during the 3rd quarter. Citigroup Inc. now owns 196,748 shares of the company’s stock worth $5,509,000 after acquiring an additional 112,073 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 136,886 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Performance

NYSE RXO opened at $21.50 on Tuesday. The firm has a market cap of $3.46 billion, a P/E ratio of -10.14, a P/E/G ratio of 3.63 and a beta of 1.53. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82. The business’s 50-day moving average price is $25.42 and its 200 day moving average price is $27.35. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22.

RXO (NYSE:RXO) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, equities research analysts expect that RXO, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Citigroup downgraded shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Finally, Susquehanna decreased their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RXO currently has an average rating of “Hold” and a consensus target price 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.