UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 37,916 Shares of RXO, Inc. (NYSE:RXO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 285,504 shares of the company's stock after buying an additional 37,916 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of RXO worth $6,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RXO. Raymond James Financial Inc. purchased a new position in RXO during the 4th quarter valued at about $1,588,000. Charles Schwab Investment Management Inc. grew its stake in RXO by 3.7% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in RXO by 111.5% during the 4th quarter. JPMorgan Chase & Co. now owns 575,286 shares of the company's stock valued at $13,715,000 after acquiring an additional 303,224 shares in the last quarter. Victory Capital Management Inc. grew its stake in RXO by 11.6% during the 4th quarter. Victory Capital Management Inc. now owns 849,340 shares of the company's stock valued at $20,248,000 after acquiring an additional 88,110 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in RXO by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 939,846 shares of the company's stock valued at $22,406,000 after acquiring an additional 64,522 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Ratings Changes

RXO has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on RXO from $20.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and set a $18.00 target price (up previously from $15.00) on shares of RXO in a research note on Wednesday, May 21st. Barclays lowered their price target on RXO from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Truist Financial lowered their price target on RXO from $24.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus lowered their price target on RXO from $24.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, RXO has an average rating of "Hold" and a consensus price target of $20.00.

RXO Stock Performance

RXO traded down $0.13 on Thursday, hitting $15.88. The company had a trading volume of 1,067,422 shares, compared to its average volume of 1,285,971. The company's fifty day moving average price is $14.86 and its 200 day moving average price is $20.67. RXO, Inc. has a 1-year low of $12.19 and a 1-year 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 stock has a market cap of $2.60 billion, a price-to-earnings ratio of -7.49, a price-to-earnings-growth ratio of 4.55 and a beta of 1.73.

RXO (NYSE:RXO - Get Free Report) last posted its 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm's revenue for the quarter was up 57.0% compared to the same quarter last year. Equities analysts predict 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.