Deutsche Bank AG Has $3.30 Million Stake in RXO, Inc. (NYSE:RXO)

Deutsche Bank AG lifted its stake in RXO, Inc. (NYSE:RXO - Free Report) by 68.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,434 shares of the company's stock after purchasing an additional 56,304 shares during the quarter. Deutsche Bank AG owned 0.09% of RXO worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. lifted its position in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after buying an additional 510 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after acquiring an additional 868 shares during the last quarter. KBC Group NV increased its stake in shares of RXO by 41.2% in 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. City Holding Co. raised its holdings in shares of RXO by 32.1% during the fourth quarter. City Holding Co. now owns 6,921 shares of the company's stock worth $165,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in RXO during the fourth quarter valued at $267,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Stock Performance

RXO traded down $0.15 during midday trading on Monday, reaching $15.11. The company's stock had a trading volume of 1,151,975 shares, compared to its average volume of 1,257,354. The stock has a market cap of $2.48 billion, a P/E ratio of -7.13, a PEG ratio of 4.55 and a beta of 1.71. The company has a fifty day simple moving average of $15.40 and a 200 day simple moving average of $21.25. 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 twelve month low of $12.19 and a twelve month high of $32.82.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm's revenue was up 57.0% compared to the same quarter last year. Research analysts expect that RXO, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on RXO shares. Bank of America upped their target price on RXO from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. UBS Group cut their price objective on shares of RXO from $24.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their target price on shares of RXO from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Jefferies Financial Group dropped their price target on shares of RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial cut their price target on shares of RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.