84,057 Shares in RXO, Inc. (NYSE:RXO) Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in RXO, Inc. (NYSE:RXO) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 84,057 shares of the company’s stock, valued at approximately $2,004,000.

Several other hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of RXO in the 3rd quarter valued at $28,000. Nomura Asset Management Co. Ltd. raised its holdings in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the period. GAMMA Investing LLC boosted its position in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after purchasing an additional 510 shares in the last quarter. KBC Group NV increased its position in shares of RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after buying an additional 890 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of RXO during the 2nd quarter worth approximately $112,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Stock Down 3.7 %

Shares of NYSE RXO opened at $24.26 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of -12.25, a P/E/G ratio of 15.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day simple moving average of $27.15 and a 200-day simple moving average of $27.81. RXO, Inc. has a 1 year low of $18.75 and a 1 year high of $32.82.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RXO. Oppenheimer reissued an “outperform” rating and issued a $31.00 price target on shares of RXO in a report on Tuesday, September 17th. Jefferies Financial Group decreased their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Citigroup cut RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of RXO in a research report on Monday, November 18th. Two research 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.77.

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.