Swiss National Bank Has $4.81 Million Holdings in RXO, Inc. (NYSE:RXO)

Swiss National Bank raised its position in shares of RXO, Inc. (NYSE:RXO) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,800 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Swiss National Bank owned 0.13% of RXO worth $4,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of RXO in the 4th quarter valued at approximately $267,000. Raymond James Financial Inc. purchased a new stake in shares of RXO in the fourth quarter valued at $1,588,000. Victory Capital Management Inc. lifted its holdings in shares of RXO by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock valued at $20,248,000 after purchasing an additional 88,110 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of RXO by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock valued at $51,138,000 after buying an additional 76,653 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in RXO by 228.4% during the fourth 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 period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RXO has been the subject of a number of research reports. Truist Financial assumed coverage on RXO in a research report on Thursday, March 13th. They set a “buy” rating and a $24.00 price objective for the company. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Jefferies Financial Group cut 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. Stifel Nicolaus dropped their price target 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. Finally, Morgan Stanley reduced their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.80.

RXO Trading Up 2.7 %

Shares of RXO stock opened at $19.09 on Tuesday. RXO, Inc. has a 12 month low of $17.50 and a 12 month high of $32.82. The company has a market cap of $3.12 billion, a PE ratio of -9.00, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. 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’s 50 day moving average is $21.80 and its two-hundred day moving average is $25.39.

RXO (NYSE:RXO) 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%. Equities analysts predict that RXO, Inc. will post 0.31 EPS for the current year.

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.