Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.74 Million Investment in RXO, Inc. (NYSE:RXO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in RXO, Inc. (NYSE:RXO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 156,781 shares of the company's stock, valued at approximately $3,738,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of RXO as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after buying an additional 510 shares during the period. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 868 shares during the period. KBC Group NV lifted its stake 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 period. Mackenzie Financial Corp lifted its stake in shares of RXO by 37.2% in the 4th quarter. Mackenzie Financial Corp now owns 9,967 shares of the company's stock valued at $238,000 after purchasing an additional 2,700 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in RXO in the fourth quarter valued at approximately $267,000. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on RXO shares. 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. Bank of America upped their price target on RXO from $15.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Truist Financial lowered their target price on RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus lowered their target price on RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays lowered their target price on RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.00.

RXO Stock Performance

Shares of RXO stock traded down $0.13 during trading hours on Thursday, hitting $15.88. 1,067,422 shares of the company were exchanged, compared to its average volume of 1,285,971. The firm has a fifty day simple moving average of $14.86 and a 200 day simple moving average of $20.67. 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 52-week low of $12.19 and a 52-week high of $32.82. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -7.49, a P/E/G ratio of 4.55 and a beta of 1.73.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the firm posted ($0.03) EPS. RXO's revenue was up 57.0% on a year-over-year basis. Research analysts predict that RXO, Inc. will post 0.31 earnings per share for the current fiscal 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.