RXO, Inc. (NYSE:RXO) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of RXO, Inc. (NYSE:RXO - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 495,184 shares of the company's stock after selling 98,479 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.31% of RXO worth $11,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in RXO by 20.6% during the 4th quarter. Northern Trust Corp now owns 1,562,787 shares of the company's stock worth $37,257,000 after buying an additional 266,674 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in RXO by 18.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 87,822 shares of the company's stock valued at $2,094,000 after purchasing an additional 13,578 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in RXO by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 105,766 shares of the company's stock valued at $2,522,000 after purchasing an additional 17,424 shares during the last quarter. Hsbc Holdings PLC grew its stake in RXO by 16.0% during the 4th quarter. Hsbc Holdings PLC now owns 26,897 shares of the company's stock valued at $648,000 after purchasing an additional 3,719 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its stake in RXO by 20.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 69,415 shares of the company's stock valued at $1,655,000 after purchasing an additional 11,962 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RXO shares. Deutsche Bank Aktiengesellschaft started coverage on RXO in a research note on Friday, March 7th. They set a "hold" rating and a $19.00 price target on the stock. Citigroup dropped their price target on RXO from $23.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Susquehanna lowered their target price on RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus lowered their target price on RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Finally, Jefferies Financial Group lowered their target price on RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.40.

RXO Price Performance

NYSE RXO traded down $0.00 during trading hours on Thursday, reaching $14.09. The company's stock had a trading volume of 1,700,899 shares, compared to its average volume of 1,159,145. The company's 50-day moving average is $16.72 and its two-hundred day moving average is $22.93. RXO, Inc. has a 1-year low of $12.19 and a 1-year high of $32.82. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -6.65, a P/E/G ratio of 4.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33.

RXO (NYSE:RXO - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 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%. On average, equities analysts predict that RXO, Inc. will post 0.31 EPS for the current year.

RXO 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.