RXO, Inc. (NYSE:RXO) Stock Position Reduced by US Bancorp DE

US Bancorp DE cut its stake in shares of RXO, Inc. (NYSE:RXO) by 71.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,043 shares of the company’s stock after selling 30,480 shares during the period. US Bancorp DE’s holdings in RXO were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC grew its position in RXO by 2.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after purchasing an additional 551 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of RXO by 6.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 30,097 shares of the company’s stock worth $718,000 after buying an additional 1,852 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of RXO by 11.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 37,456 shares of the company’s stock worth $893,000 after buying an additional 3,943 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock worth $783,000 after buying an additional 500 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of RXO by 12.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 76,303 shares of the company’s stock worth $1,819,000 after buying an additional 8,528 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Benchmark reissued a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Barclays dropped their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Truist Financial started coverage on shares of RXO in a research report on Thursday. They set a “buy” rating and a $24.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.80.

RXO Stock Up 1.0 %

Shares of NYSE RXO opened at $18.24 on Friday. The firm has a market capitalization of $2.98 billion, a PE ratio of -8.61, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO, Inc. has a 1 year low of $17.50 and a 1 year high of $32.82. The firm’s 50-day moving average is $22.68 and its 200-day moving average is $25.90.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Equities analysts expect that RXO, Inc. will post 0.31 EPS for the current year.

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.