Fmr LLC Buys 38,970 Shares of RXO, Inc. (NYSE:RXO)

Fmr LLC lifted its stake in RXO, Inc. (NYSE:RXO) by 439.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,837 shares of the company’s stock after acquiring an additional 38,970 shares during the period. Fmr LLC’s holdings in RXO were worth $1,339,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RXO. Wealth Enhancement Advisory Services LLC raised its position in shares of RXO by 14.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,095 shares of the company’s stock worth $316,000 after acquiring an additional 1,513 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its position in shares of RXO by 1.6% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 189,689 shares of the company’s stock worth $4,960,000 after acquiring an additional 2,929 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of RXO by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 59,100 shares of the company’s stock worth $1,545,000 after acquiring an additional 1,100 shares in the last quarter. Bank of New York Mellon Corp increased its position in RXO by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 874,912 shares of the company’s stock valued at $22,879,000 after buying an additional 7,251 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in RXO by 200.1% during the 2nd quarter. Natixis Advisors LLC now owns 363,511 shares of the company’s stock valued at $9,506,000 after buying an additional 242,388 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Stock Down 3.5 %

RXO stock opened at $27.29 on Monday. RXO, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $32.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $4.39 billion, a PE ratio of -13.78, a PEG ratio of 15.82 and a beta of 1.32. The business’s 50-day simple moving average is $28.70 and its two-hundred day simple moving average is $27.32.

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

Analyst Ratings Changes

RXO has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price 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 target price on the stock. in a research report on Tuesday, November 12th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $31.00 target price on shares of RXO in a research report on Monday, November 11th. Finally, Susquehanna reduced their target price on RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.47.

RXO 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.