Tidal Investments LLC Buys New Position in RXO, Inc. (NYSE:RXO)

Tidal Investments LLC acquired a new stake in RXO, Inc. (NYSE:RXO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,825 shares of the company's stock, valued at approximately $473,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of RXO by 185.5% in the third quarter. Barclays PLC now owns 908,873 shares of the company's stock worth $25,449,000 after purchasing an additional 590,530 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 period. 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 acquiring an additional 1,672 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of RXO by 94.3% in the fourth quarter. Hantz Financial Services Inc. now owns 27,675 shares of the company's stock worth $660,000 after acquiring an additional 13,434 shares during the period. Finally, Hodges Capital Management Inc. bought a new stake in shares of RXO during the 4th quarter valued at $5,754,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of RXO from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and issued a $18.00 price target (up previously from $15.00) on shares of RXO in a report on Wednesday, May 21st. Wells Fargo & Company cut their price objective on RXO from $20.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Susquehanna lowered their price objective on shares of RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a research report on Wednesday, March 26th. Finally, UBS Group reduced their target price on RXO from $24.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.00.

RXO Trading Up 2.2%

RXO stock traded up $0.33 during trading hours on Tuesday, reaching $15.53. The company had a trading volume of 132,212 shares, compared to its average volume of 1,268,830. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -7.33, a P/E/G ratio of 4.55 and a beta of 1.71. RXO, Inc. has a 12-month low of $12.19 and a 12-month high of $32.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The company has a 50-day moving average price of $15.05 and a 200 day moving average price of $20.82.

RXO (NYSE:RXO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.51 billion. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The firm's quarterly revenue was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) earnings per share. Equities analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current year.

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.