Alliancebernstein L.P. Has $4.25 Million Stock Holdings in RXO, Inc. (NYSE:RXO)

Alliancebernstein L.P. increased its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,310 shares of the company's stock after purchasing an additional 20,880 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of RXO worth $4,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO during the third quarter worth $28,000. Blue Trust Inc. boosted its holdings in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after purchasing an additional 510 shares during the period. Smartleaf Asset Management LLC grew its position in shares of RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after purchasing an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of RXO by 68.7% during the third 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. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after buying an additional 1,445 shares during the period. 92.73% of the stock is currently owned by institutional investors.

RXO Trading Up 2.3 %

RXO stock traded up $0.30 during trading on Friday, hitting $13.21. The company had a trading volume of 1,089,043 shares, compared to its average volume of 1,098,917. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.17 billion, a PE ratio of -6.23, a PEG ratio of 4.55 and a beta of 1.60. The business has a 50-day moving average of $18.05 and a 200-day moving average of $23.83. RXO, Inc. has a one year low of $12.39 and a one year high of $32.82.

RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Research analysts predict that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RXO has been the subject of several analyst reports. Barclays dropped their price objective on RXO from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus decreased their target price on shares of RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Morgan Stanley decreased their price objective on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on RXO in a research note on Friday, March 7th. They set a "hold" rating and a $19.00 target price for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $22.73.

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.