Vanguard Group Inc. Has $410.14 Million Stock Position in RXO, Inc. (NYSE:RXO)

Vanguard Group Inc. boosted its stake in shares of RXO, Inc. (NYSE:RXO) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,203,721 shares of the company’s stock after acquiring an additional 2,009,937 shares during the quarter. Vanguard Group Inc. owned 10.70% of RXO worth $410,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in RXO in the third quarter valued at about $28,000. Blue Trust Inc. grew its position in RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Smartleaf Asset Management LLC grew its position in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after purchasing an additional 1,445 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Trading Up 3.3 %

NYSE:RXO opened at $19.54 on Thursday. The company has a market cap of $3.19 billion, a P/E ratio of -9.22, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. RXO, Inc. has a twelve month low of $17.50 and a twelve month high of $32.82. The business has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $25.05. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22.

RXO (NYSE:RXO) last issued 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%. As a group, analysts expect that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RXO shares. Susquehanna lowered their target price on RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research note on Wednesday, March 26th. Truist Financial assumed coverage on shares of RXO in a research report on Thursday, March 13th. They set a “buy” rating and a $24.00 price target for the company. Morgan Stanley reduced their price objective on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company dropped their target price on shares of RXO from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Finally, Stifel Nicolaus reduced their price target on RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.80.

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.