Massachusetts Financial Services Co. MA lessened its holdings in shares of Rxo Inc (NYSE:RXO - Free Report) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,000,275 shares of the company's stock after selling 24,245 shares during the period. Massachusetts Financial Services Co. MA owned about 0.61% of RXO worth $19,105,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in RXO. Vanguard Group Inc. boosted its position in shares of RXO by 13.2% during the 4th 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 boosted its position 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 acquiring an additional 596,158 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in shares of RXO by 34.3% during the 1st quarter. Douglas Lane & Associates LLC now owns 3,591,040 shares of the company's stock worth $68,589,000 after acquiring an additional 916,379 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 307,492 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of RXO by 15.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,730,665 shares of the company's stock worth $52,155,000 after acquiring an additional 355,255 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
RXO Stock Down 2.6%
RXO stock traded down $0.44 during midday trading on Friday, hitting $16.17. 1,142,495 shares of the stock were exchanged, compared to its average volume of 1,374,140. Rxo Inc has a 52-week low of $12.19 and a 52-week high of $32.82. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -7.45, a price-to-earnings-growth ratio of 7.90 and a beta of 1.69. The business's 50-day moving average price is $16.13 and its 200-day moving average price is $18.27. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.24.
RXO (NYSE:RXO - Get Free Report) last released 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). The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.51 billion. RXO had a positive return on equity of 1.18% and a negative net margin of 5.94%. The firm's revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, research analysts expect that Rxo Inc will post 0.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on RXO shares. Barclays reduced 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. Bank of America raised their target price on shares of RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. UBS Group cut their target price 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. Oppenheimer downgraded shares of RXO from an "outperform" rating to a "market perform" rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group dropped their price target on shares of RXO from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.87.
Get Our Latest Research Report on RXO
RXO Company Profile
(
Free Report)
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.
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