Jane Street Group LLC Cuts Stake in RXO, Inc. (NYSE:RXO)

Jane Street Group LLC decreased its position in RXO, Inc. (NYSE:RXO - Free Report) by 91.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,142 shares of the company's stock after selling 321,708 shares during the quarter. Jane Street Group LLC's holdings in RXO were worth $719,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RXO. Blue Trust Inc. increased its holdings in shares of RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after acquiring an additional 510 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 worth $30,000 after acquiring an additional 868 shares in the last quarter. KBC Group NV lifted its position in shares of RXO by 41.2% during the fourth quarter. KBC Group NV now owns 5,727 shares of the company's stock worth $137,000 after purchasing an additional 1,672 shares in the last quarter. Rialto Wealth Management LLC bought a new position in RXO in the 4th quarter valued at $267,000. Finally, Xponance Inc. raised its stake in shares of RXO by 29.6% during the fourth quarter. Xponance Inc. now owns 11,508 shares of the company's stock worth $274,000 after buying an additional 2,631 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analyst Weigh In

RXO has been the topic of a number of recent analyst reports. Bank of America lifted their price target on shares of 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. Stifel Nicolaus lowered their target price on RXO from $24.00 to $14.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Barclays cut their price target on RXO from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group decreased their price objective on RXO from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.00.

RXO Stock Down 0.3%

Shares of RXO stock traded down $0.06 on Friday, hitting $15.70. The stock had a trading volume of 77,811 shares, compared to its average volume of 1,533,911. The company has a market cap of $2.57 billion, a PE ratio of -7.40, a P/E/G ratio of 4.55 and a beta of 1.71. RXO, Inc. has a one year low of $12.19 and a one year 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 business has a 50 day moving average price of $15.20 and a 200 day moving average price of $21.08.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 1.53% and a negative net margin of 6.26%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted ($0.03) EPS. RXO's quarterly revenue was up 57.0% compared to the same quarter last year. Research analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

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.