Mutual of America Capital Management LLC Has $505,000 Holdings in RXO, Inc. (NYSE:RXO)

Mutual of America Capital Management LLC increased its holdings in RXO, Inc. (NYSE:RXO) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,190 shares of the company’s stock after purchasing an additional 551 shares during the quarter. Mutual of America Capital Management LLC’s holdings in RXO were worth $505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in RXO by 439.5% during the 3rd quarter. FMR LLC now owns 47,837 shares of the company’s stock worth $1,339,000 after acquiring an additional 38,970 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of RXO in the 4th quarter worth $2,004,000. JPMorgan Chase & Co. grew its position in RXO by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock valued at $7,618,000 after purchasing an additional 113,685 shares during the period. Tectonic Advisors LLC bought a new position in RXO in the 4th quarter valued at about $1,066,000. Finally, Citigroup Inc. lifted its position in RXO by 132.4% in the 3rd quarter. Citigroup Inc. now owns 196,748 shares of the company’s stock valued at $5,509,000 after acquiring an additional 112,073 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RXO shares. The Goldman Sachs Group cut their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Tuesday, November 12th. Morgan Stanley dropped their target price 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. Wells Fargo & Company reduced their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price target on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, RXO currently has a consensus rating of “Hold” and a consensus target price of $25.93.

RXO Price Performance

Shares of RXO stock opened at $19.83 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82. The company has a fifty day moving average of $23.13 and a 200-day moving average of $26.16. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -9.35, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Equities research analysts expect that RXO, Inc. will post 0.31 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.