Zimmer Partners LP lowered its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 52.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 385,000 shares of the company's stock after selling 425,000 shares during the period. Zimmer Partners LP owned about 0.24% of RXO worth $9,178,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of RXO by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock valued at $410,137,000 after buying an additional 2,009,937 shares during the period. FIL Ltd raised its holdings in shares of RXO by 10.4% during the 4th quarter. FIL Ltd now owns 6,327,889 shares of the company's stock valued at $150,857,000 after purchasing an additional 596,158 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of RXO by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company's stock valued at $80,185,000 after purchasing an additional 307,492 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of RXO by 27.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company's stock valued at $56,629,000 after purchasing an additional 508,330 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 76,653 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
RXO Price Performance
Shares of RXO stock traded down $0.15 during trading on Friday, hitting $15.11. 1,151,975 shares of the company's stock traded hands, compared to its average volume of 1,257,354. 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 firm's fifty day moving average price is $15.47 and its 200 day moving average price is $21.40. RXO, Inc. has a twelve month low of $12.19 and a twelve month high of $32.82. The company has a market cap of $2.48 billion, a PE ratio of -7.13, a PEG ratio of 4.55 and a beta of 1.71.
RXO (NYSE:RXO - Get Free Report) last issued 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 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 analyst estimates of $1.51 billion. During the same quarter last year, the firm posted ($0.03) earnings per share. RXO's revenue was up 57.0% on a year-over-year basis. Analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current year.
Analysts Set New Price Targets
RXO has been the topic of a number of recent research reports. Susquehanna cut their price target on shares of RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a report on Wednesday, March 26th. Citigroup restated a "neutral" rating and set a $18.00 price target (up previously from $15.00) on shares of RXO in a report on Wednesday. The Goldman Sachs Group cut 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. Stifel Nicolaus cut their price target on shares of RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group cut their price target on shares of RXO from $24.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given 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.
Read Our Latest Stock Report on RXO
About RXO
(
Free Report)
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.
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