Divisar Capital Management LLC Has $20.26 Million Position in RXO, Inc. (NYSE:RXO)

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after buying an additional 510 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in RXO in the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its stake in RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock worth $30,000 after purchasing an additional 868 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after purchasing an additional 1,445 shares during the period. Finally, KBC Group NV boosted its position in shares of RXO by 41.2% in the fourth quarter. KBC Group NV now owns 5,727 shares of the company's stock worth $137,000 after buying an additional 1,672 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Performance

RXO stock traded up $0.63 during midday trading on Friday, hitting $14.70. 1,220,840 shares of the company traded hands, compared to its average volume of 1,161,774. RXO, Inc. has a twelve month low of $12.19 and a twelve month high of $32.82. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -6.93, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The business has a 50 day simple moving average of $16.62 and a 200-day simple moving average of $22.78.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley dropped their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Susquehanna decreased their price target on shares of RXO from $18.00 to $13.00 and set a "negative" rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus dropped their price objective on shares of RXO from $27.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price target on shares of RXO from $23.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer lowered RXO from an "outperform" rating to a "market perform" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.