BNP Paribas Financial Markets Buys Shares of 22,140 RXO, Inc. (NYSE:RXO)

BNP Paribas Financial Markets bought a new stake in RXO, Inc. (NYSE:RXO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,140 shares of the company's stock, valued at approximately $528,000.

Several other large investors have also recently added to or reduced their stakes in RXO. Aristeia Capital L.L.C. acquired a new position in RXO in the fourth quarter valued at about $293,000. Comerica Bank grew its position in shares of RXO by 41.1% in the 4th quarter. Comerica Bank now owns 211,963 shares of the company's stock valued at $5,053,000 after buying an additional 61,765 shares during the last quarter. Northern Trust Corp increased its position in RXO by 20.6% during the 4th quarter. Northern Trust Corp now owns 1,562,787 shares of the company's stock valued at $37,257,000 after purchasing an additional 266,674 shares during the period. The Manufacturers Life Insurance Company raised its stake in RXO by 18.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 87,822 shares of the company's stock worth $2,094,000 after buying an additional 13,578 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of RXO by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 105,766 shares of the company's stock worth $2,522,000 after acquiring an additional 17,424 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

RXO Stock Down 0.9%

Shares of RXO stock traded down $0.14 during mid-day trading on Thursday, reaching $15.37. 51,648 shares of the company's stock traded hands, compared to its average volume of 1,253,392. RXO, Inc. has a 12 month low of $12.19 and a 12 month high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $15.27 and its 200-day moving average price is $21.17. The company has a market cap of $2.52 billion, a P/E ratio of -7.25, a P/E/G ratio of 4.55 and a beta of 1.71.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RXO shares. Truist Financial dropped their price target on RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America boosted their target price on shares of RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Oppenheimer cut shares of RXO from an "outperform" rating to a "market perform" rating in a research report on Friday, April 4th. Morgan Stanley decreased their price objective on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, UBS Group dropped their price objective on RXO from $24.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.00.

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.