Hood River Capital Management LLC Trims Holdings in RXO, Inc. (NYSE:RXO)

Hood River Capital Management LLC trimmed its holdings in shares of RXO, Inc. (NYSE:RXO - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,371,681 shares of the company's stock after selling 382,107 shares during the period. Hood River Capital Management LLC owned about 1.48% of RXO worth $56,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in RXO by 13.2% during the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock worth $410,137,000 after buying an additional 2,009,937 shares in the last quarter. Norges Bank acquired a new position in RXO in the 4th quarter valued at about $28,342,000. Franklin Resources Inc. lifted its holdings in RXO by 122.6% in 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 in the last quarter. FIL Ltd lifted its holdings in RXO by 10.4% in 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. Finally, Barclays PLC boosted its stake in shares of RXO by 185.5% during the 3rd quarter. Barclays PLC now owns 908,873 shares of the company's stock worth $25,449,000 after purchasing an additional 590,530 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Stock Down 1.1 %

RXO stock traded down $0.15 during midday trading on Monday, hitting $13.34. 293,979 shares of the company were exchanged, compared to its average volume of 1,143,078. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $32.82. The company's fifty day moving average price is $17.26 and its 200-day moving average price is $23.28. The company has a market cap of $2.19 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60.

RXO (NYSE:RXO - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, research analysts predict that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RXO has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of RXO from $23.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their price target on RXO from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price objective on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Truist Financial dropped their target price on RXO from $24.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Susquehanna lowered their price target on RXO from $18.00 to $13.00 and set a "negative" rating for the company in a report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $22.40.

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.