Mutual of America Capital Management LLC Buys 1,318 Shares of RXO, Inc. (NYSE:RXO)

Mutual of America Capital Management LLC increased its stake in shares of RXO, Inc. (NYSE:RXO) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,639 shares of the company’s stock after acquiring an additional 1,318 shares during the period. Mutual of America Capital Management LLC’s holdings in RXO were worth $578,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after purchasing an additional 510 shares during the period. KBC Group NV raised its position in RXO by 28.1% in the 3rd quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after buying an additional 890 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in RXO in the 2nd quarter valued at approximately $112,000. City Holding Co. boosted its position in RXO by 57.9% during the 3rd quarter. City Holding Co. now owns 5,241 shares of the company’s stock worth $147,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of RXO by 29.6% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 5,304 shares of the company’s stock worth $149,000 after acquiring an additional 1,212 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RXO has been the subject of several recent research reports. Susquehanna reduced their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. TD Cowen increased their price objective on shares of RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price target on shares of RXO in a research report on Monday, November 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.47.

RXO Price Performance

Shares of RXO opened at $30.88 on Wednesday. The company’s 50-day moving average is $28.11 and its 200-day moving average is $26.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $4.97 billion, a PE ratio of -15.60, a PEG ratio of 15.28 and a beta of 1.33. RXO, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $956.19 million. During the same period in the prior year, the firm earned $0.05 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that RXO, Inc. will post 0.12 EPS for the current year.

About RXO

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.