RXO, Inc. (NYSE:RXO) Shares Acquired by Citigroup Inc.

Citigroup Inc. raised its position in shares of RXO, Inc. (NYSE:RXO) by 132.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,748 shares of the company’s stock after acquiring an additional 112,073 shares during the quarter. Citigroup Inc. owned approximately 0.12% of RXO worth $5,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in RXO by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,802 shares of the company’s stock valued at $1,658,000 after buying an additional 1,663 shares during the period. Comerica Bank increased its holdings in shares of RXO by 219.0% in the first quarter. Comerica Bank now owns 170,377 shares of the company’s stock valued at $3,726,000 after purchasing an additional 116,974 shares during the period. Boston Partners boosted its holdings in RXO by 150.0% in the 1st quarter. Boston Partners now owns 42,526 shares of the company’s stock valued at $930,000 after purchasing an additional 25,519 shares in the last quarter. SG Americas Securities LLC increased its holdings in RXO by 1,407.4% in the second quarter. SG Americas Securities LLC now owns 103,993 shares of the company’s stock valued at $2,719,000 after buying an additional 97,094 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of RXO by 14.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,095 shares of the company’s stock worth $316,000 after buying an additional 1,513 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RXO. Oppenheimer reissued an “outperform” rating and issued a $31.00 price objective on shares of RXO in a research report on Tuesday, September 17th. TD Cowen upped their price objective on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Wells Fargo & Company restated an “equal weight” rating and set a $31.00 price objective on shares of RXO in a research note on Monday, November 11th. Morgan Stanley raised their price target on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group reduced their price objective on shares of RXO from $33.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.47.

RXO Trading Up 0.9 %

NYSE:RXO opened at $30.15 on Monday. RXO, Inc. has a 52 week low of $18.75 and a 52 week high of $32.82. The stock’s 50 day moving average price is $28.43 and its 200 day moving average price is $26.69. The company has a market capitalization of $4.85 billion, a P/E ratio of -15.23, a P/E/G ratio of 16.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

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