Divisar Capital Management LLC Sells 349,535 Shares of RXO, Inc. (NYSE:RXO)

Divisar Capital Management LLC trimmed its position in shares of RXO, Inc. (NYSE:RXO - Free Report) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 849,620 shares of the company's stock after selling 349,535 shares during the period. RXO comprises about 4.4% of Divisar Capital Management LLC's portfolio, making the stock its 8th biggest position. Divisar Capital Management LLC owned 0.53% of RXO worth $20,255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RXO. Blue Trust Inc. increased its position in shares of RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after purchasing an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in RXO in the third quarter valued at $28,000. Smartleaf Asset Management LLC lifted its holdings in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after buying an additional 868 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after acquiring an additional 1,445 shares during the last quarter. Finally, KBC Group NV lifted its stake in RXO by 41.2% during the fourth quarter. KBC Group NV now owns 5,727 shares of the company's stock worth $137,000 after purchasing an additional 1,672 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial cut 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, April 24th. Susquehanna decreased their price target on RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a research note on Wednesday, March 26th. Oppenheimer cut RXO from an "outperform" rating to a "market perform" rating in a report on Friday, April 4th. The Goldman Sachs Group lowered their price objective on shares of RXO from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Benchmark reiterated a "hold" rating on shares of RXO in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.40.

RXO Stock Performance

Shares of RXO stock traded down $0.78 on Tuesday, hitting $13.58. 1,208,771 shares of the stock traded hands, compared to its average volume of 1,162,084. The company has a market capitalization of $2.23 billion, a PE ratio of -6.40, a PEG ratio of 4.55 and a beta of 1.71. The company's fifty day moving average is $16.51 and its 200 day moving average is $22.63. 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 1-year low of $12.19 and a 1-year high of $32.82.

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

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.