Northern Trust Corp Raises Holdings in RXO, Inc. (NYSE:RXO)

Northern Trust Corp boosted its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,562,787 shares of the company's stock after acquiring an additional 266,674 shares during the quarter. Northern Trust Corp owned 0.97% of RXO worth $37,257,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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 purchasing an additional 2,009,937 shares in the last quarter. FIL Ltd increased its holdings in RXO by 10.4% in the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company's stock valued at $150,857,000 after buying an additional 596,158 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $80,185,000 after acquiring an additional 307,492 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position 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 acquiring an additional 508,330 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of RXO by 3.7% in 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. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Trading Up 0.4 %

Shares of RXO stock opened at $14.49 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO, Inc. has a twelve month low of $12.19 and a twelve month high of $32.82. The company's 50-day moving average price is $16.00 and its 200-day moving average price is $22.31. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -6.83, a PEG ratio of 4.55 and a beta of 1.71.

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

Wall Street Analyst Weigh In

RXO has been the subject of a number of recent analyst reports. UBS Group cut their price objective on RXO from $24.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price objective 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. The Goldman Sachs Group dropped their target price on shares of RXO from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research report on Friday, March 7th. They set a "hold" rating and a $19.00 price target for the company. Finally, Jefferies Financial Group lowered their price objective on RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.93.

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.

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