Charles Schwab Investment Management Inc. Acquires 76,653 Shares of RXO, Inc. (NYSE:RXO)

Charles Schwab Investment Management Inc. boosted its holdings in RXO, Inc. (NYSE:RXO) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,145,033 shares of the company’s stock after buying an additional 76,653 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.33% of RXO worth $51,138,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock valued at $30,000 after buying an additional 868 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in RXO by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after buying an additional 551 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in RXO by 6.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 30,097 shares of the company’s stock valued at $718,000 after buying an additional 1,852 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in RXO by 11.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 37,456 shares of the company’s stock valued at $893,000 after buying an additional 3,943 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in RXO by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock valued at $783,000 after purchasing an additional 500 shares during the period. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

NYSE RXO opened at $18.24 on Friday. The company has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $25.90. RXO, Inc. has a 12-month low of $17.50 and a 12-month high of $32.82. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.98 billion, a P/E ratio of -8.61, a PEG 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%. Sell-side analysts predict that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on RXO. The Goldman Sachs Group decreased their target price on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Truist Financial began coverage on shares of RXO in a research report on Thursday. They set a “buy” rating and a $24.00 target price for the company. Stifel Nicolaus decreased their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group decreased their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Benchmark reissued a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, RXO has a consensus rating of “Hold” and an average price target of $25.80.

RXO 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.