Wellington Management Group LLP Buys 387,766 Shares of RXO, Inc. (NYSE:RXO)

Wellington Management Group LLP grew its holdings in shares of RXO, Inc. (NYSE:RXO - Free Report) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,952,884 shares of the company's stock after purchasing an additional 387,766 shares during the period. Wellington Management Group LLP owned 1.20% of RXO worth $46,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RXO. Vanguard Group Inc. boosted its stake in RXO by 13.2% in the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock worth $410,137,000 after purchasing an additional 2,009,937 shares during the period. Norges Bank acquired a new stake in shares of RXO during the 4th quarter valued at about $28,342,000. Franklin Resources Inc. lifted its holdings in RXO by 122.6% during the 4th quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company's stock valued at $39,971,000 after purchasing an additional 923,307 shares during the last quarter. FIL Ltd raised its stake in shares of RXO by 10.4% in the fourth 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 during the last quarter. Finally, Barclays PLC raised its stake in shares of RXO by 185.5% during the third quarter. Barclays PLC now owns 908,873 shares of the company's stock worth $25,449,000 after buying an additional 590,530 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

RXO Stock Performance

RXO stock traded up $0.54 during trading hours on Tuesday, reaching $15.74. The stock had a trading volume of 314,141 shares, compared to its average volume of 1,269,518. The stock has a market capitalization of $2.58 billion, a PE ratio of -7.42, a price-to-earnings-growth ratio of 4.55 and a beta of 1.71. 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 50-day simple moving average of $15.05 and a 200 day simple moving average of $20.82. RXO, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $32.82.

RXO (NYSE:RXO - Get Free Report) last issued 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the company earned ($0.03) earnings per share. RXO's revenue for the quarter was up 57.0% compared to the same quarter last year. Analysts predict that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RXO. Morgan Stanley dropped their price target on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their price objective on shares of RXO from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. UBS Group decreased their price objective on shares of RXO from $24.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Stifel Nicolaus decreased their price objective on shares of RXO from $24.00 to $14.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Finally, Citigroup reiterated 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. 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.00.

RXO 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.