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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of RXO, Inc. (NYSE:RXO - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,504 shares of the company's stock after acquiring an additional 37,916 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of RXO worth $6,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RXO. Blue Trust Inc. increased its stake in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 buying an additional 868 shares in the last quarter. KBC Group NV grew its stake in shares of RXO by 41.2% in the 4th quarter. KBC Group NV now owns 5,727 shares of the company's stock worth $137,000 after buying an additional 1,672 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in shares of RXO in the 4th quarter worth about $267,000. Finally, Xponance Inc. raised its position in shares of RXO by 29.6% during the 4th quarter. Xponance Inc. now owns 11,508 shares of the company's stock valued at $274,000 after buying an additional 2,631 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of RXO from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Susquehanna reduced 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. Stifel Nicolaus dropped their target price on RXO from $24.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Oppenheimer downgraded RXO from an "outperform" rating to a "market perform" rating in a report on Friday, April 4th. Finally, Jefferies Financial Group dropped their price objective on RXO from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, April 11th. 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 company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.00.

RXO Stock Performance

Shares of RXO stock traded up $0.70 during trading on Tuesday, hitting $15.90. 1,727,242 shares of the company's stock were exchanged, compared to its average volume of 1,274,997. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -7.50, a PEG ratio of 4.55 and a beta of 1.71. The business has a 50-day simple moving average of $15.05 and a 200-day simple moving average of $20.82. RXO, Inc. has a 52-week low of $12.19 and a 52-week high of $32.82. 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 announced 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 positive return on equity of 1.53% and a negative net margin of 6.26%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the company posted ($0.03) earnings per share. The business's quarterly revenue was up 57.0% on a year-over-year basis. On average, research analysts forecast that RXO, Inc. will post 0.31 EPS for the current 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.