22,140 Shares in RXO, Inc. (NYSE:RXO) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in RXO, Inc. (NYSE:RXO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,140 shares of the company's stock, valued at approximately $528,000.

Several other institutional investors have also recently bought and sold shares of RXO. Vanguard Group Inc. raised its holdings in RXO by 13.2% during the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock worth $410,137,000 after acquiring an additional 2,009,937 shares in the last quarter. FIL Ltd raised its stake in shares of RXO by 10.4% during the 4th quarter. FIL Ltd now owns 6,327,889 shares of the company's stock worth $150,857,000 after purchasing an additional 596,158 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of RXO by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company's stock worth $80,185,000 after purchasing an additional 307,492 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of RXO by 27.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company's stock valued at $56,629,000 after buying an additional 508,330 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of RXO by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company's stock valued at $51,138,000 after buying an additional 76,653 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

RXO Price Performance

RXO stock traded up $0.63 during mid-day trading on Tuesday, hitting $15.71. The stock had a trading volume of 1,089,969 shares, compared to its average volume of 1,256,685. The firm has a fifty day simple moving average of $15.40 and a 200 day simple moving average of $21.25. The firm has a market capitalization of $2.58 billion, a P/E ratio of -7.41, a P/E/G ratio of 4.55 and a beta of 1.71. RXO, Inc. has a 52 week low of $12.19 and a 52 week high of $32.82. 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 (NYSE:RXO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned ($0.03) earnings per share. The firm's revenue for the quarter was up 57.0% compared to the same quarter last year. As a group, research analysts forecast that RXO, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on RXO shares. Barclays dropped their price target on shares of RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Citigroup reaffirmed a "neutral" rating and issued a $18.00 price objective (up from $15.00) on shares of RXO in a research report on Wednesday, May 21st. Wells Fargo & Company reduced their target price on shares of RXO from $20.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price target on RXO from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley reduced their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Two 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.00.

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.