RXO, Inc. (NYSE:RXO) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,806 shares of the company's stock after purchasing an additional 16,540 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of RXO worth $2,165,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in RXO. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 2,009,937 shares during the last quarter. FIL Ltd increased its position in RXO by 10.4% in the 4th quarter. FIL Ltd now owns 6,327,889 shares of the company's stock valued at $150,857,000 after acquiring an additional 596,158 shares during the period. Geode Capital Management LLC increased its position in RXO by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company's stock valued at $80,185,000 after acquiring an additional 307,492 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in 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 acquiring an additional 508,330 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in RXO by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company's stock valued at $51,138,000 after acquiring an additional 76,653 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Stock Performance

RXO traded up $0.63 during trading on Tuesday, reaching $15.71. The company's stock had a trading volume of 1,089,969 shares, compared to its average volume of 1,256,685. RXO, Inc. has a 52-week low of $12.19 and a 52-week high of $32.82. The company's fifty day moving average price is $15.33 and its 200-day moving average price is $21.21. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -7.41, a price-to-earnings-growth ratio of 4.55 and a beta of 1.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted ($0.03) earnings per share. RXO's revenue was up 57.0% on a year-over-year basis. On average, equities analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RXO. Barclays dropped their price target on RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Bank of America boosted their price target on RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on RXO in a research report on Friday, March 7th. They issued a "hold" rating and a $19.00 price target on the stock. Citigroup restated a "neutral" rating and issued a $18.00 price target (up previously from $15.00) on shares of RXO in a research report on Wednesday, May 21st. Finally, Morgan Stanley dropped their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, RXO has an average rating of "Hold" and a consensus price target of $20.00.

About RXO

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.