Dimensional Fund Advisors LP Buys 128,819 Shares of RXO, Inc. (NYSE:RXO)

Dimensional Fund Advisors LP raised its position in RXO, Inc. (NYSE:RXO - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,024,887 shares of the company's stock after purchasing an additional 128,819 shares during the quarter. Dimensional Fund Advisors LP owned 1.26% of RXO worth $48,275,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RXO. Blue Trust Inc. increased its position 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 acquiring an additional 510 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in RXO during the 3rd quarter worth about $28,000. Smartleaf Asset Management LLC grew its position in shares of RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock valued at $30,000 after buying an additional 868 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased 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. Finally, KBC Group NV raised its position in shares of RXO by 41.2% during the fourth quarter. KBC Group NV now owns 5,727 shares of the company's stock worth $137,000 after acquiring an additional 1,672 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced 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. Benchmark reissued a "hold" rating on shares of RXO in a research note on Wednesday, January 15th. Truist Financial decreased their target price on RXO from $24.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group dropped their price target on RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Susquehanna lowered their price objective on shares of RXO from $18.00 to $13.00 and set a "negative" rating for the company in a research note on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.40.

RXO Stock Performance

RXO stock traded down $0.63 during mid-day trading on Tuesday, reaching $13.73. 2,653,623 shares of the company's stock were exchanged, compared to its average volume of 1,167,482. The business's fifty day simple moving average is $16.51 and its 200 day simple moving average is $22.63. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. RXO, Inc. has a one year low of $12.19 and a one year high of $32.82. The firm has a market capitalization of $2.25 billion, a PE ratio of -6.48, a P/E/G ratio of 4.55 and a beta of 1.71.

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

RXO Company 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.