Ameriprise Financial Inc. reduced its position in RXO, Inc. (NYSE:RXO - Free Report) by 43.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 840,099 shares of the company's stock after selling 648,829 shares during the period. Ameriprise Financial Inc. owned 0.52% of RXO worth $20,029,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after acquiring an additional 868 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after acquiring an additional 1,445 shares in the last quarter. KBC Group NV raised its position in shares of RXO by 41.2% in the 4th quarter. KBC Group NV now owns 5,727 shares of the company's stock valued at $137,000 after purchasing an additional 1,672 shares during the last quarter. Finally, City Holding Co. boosted its stake in RXO by 32.1% in the 4th quarter. City Holding Co. now owns 6,921 shares of the company's stock worth $165,000 after purchasing an additional 1,680 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.
RXO Price Performance
Shares of RXO stock traded down $0.43 during trading hours on Monday, reaching $16.83. The stock had a trading volume of 1,230,719 shares, compared to its average volume of 1,236,896. The stock's 50 day moving average is $15.74 and its 200 day moving average is $21.81. 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 twelve month low of $12.19 and a twelve month high of $32.82. The firm has a market capitalization of $2.76 billion, a PE ratio of -7.94, a PEG ratio of 4.55 and a beta of 1.71.
RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company posted ($0.03) EPS. The business's revenue for the quarter was up 57.0% compared to the same quarter last year. Equities analysts expect that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a report on Friday, March 7th. They set a "hold" rating and a $19.00 price objective on the stock. Barclays cut their price objective on RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial decreased their target price on RXO from $24.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group dropped their target price on RXO from $24.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Citigroup reduced their price target on shares of RXO from $23.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, RXO currently has a consensus rating of "Hold" and a consensus price target of $19.80.
Get Our Latest Analysis on RXO
About RXO
(
Free Report)
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.
Read More
Before you consider RXO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RXO wasn't on the list.
While RXO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
