Vaughan Nelson Investment Management L.P. Acquires 355,255 Shares of RXO, Inc. (NYSE:RXO)

Vaughan Nelson Investment Management L.P. lifted its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,730,665 shares of the company's stock after purchasing an additional 355,255 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.67% of RXO worth $52,155,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock valued at $783,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its holdings in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after acquiring an additional 510 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in RXO by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock valued at $712,000 after acquiring an additional 518 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in RXO by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock valued at $505,000 after acquiring an additional 551 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of RXO by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 47,110 shares of the company's stock worth $1,123,000 after purchasing an additional 747 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Price Performance

Shares of NYSE:RXO traded down $0.16 during trading hours on Tuesday, hitting $15.42. 384,023 shares of the company's stock traded hands, compared to its average volume of 1,304,383. 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. The company's fifty day simple moving average is $14.93 and its two-hundred day simple moving average is $19.91. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -7.28, a price-to-earnings-growth ratio of 4.55 and a beta of 1.73.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 6.26% and a positive return on equity of 1.53%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted ($0.03) EPS. The business's revenue for the quarter was up 57.0% on a year-over-year basis. As a group, equities analysts anticipate that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RXO has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Truist Financial lowered their price target on shares of RXO from $24.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of RXO from $20.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. UBS Group decreased their target price on shares of RXO from $24.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Citigroup reiterated a "neutral" rating and issued a $18.00 target price (up previously from $15.00) on shares of RXO in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.00.

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.