City Holding Co. Boosts Position in RXO, Inc. (NYSE:RXO)

City Holding Co. increased its holdings in RXO, Inc. (NYSE:RXO) by 57.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,241 shares of the company’s stock after acquiring an additional 1,921 shares during the quarter. City Holding Co.’s holdings in RXO were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in RXO. GAMMA Investing LLC boosted its position in shares of RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after purchasing an additional 510 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of RXO by 0.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 69,190 shares of the company’s stock worth $1,513,000 after buying an additional 543 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of RXO by 2.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company’s stock worth $668,000 after acquiring an additional 575 shares in the last quarter. Arizona State Retirement System lifted its position in RXO by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 32,906 shares of the company’s stock valued at $860,000 after acquiring an additional 751 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in RXO by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 59,100 shares of the company’s stock worth $1,545,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Trading Up 1.1 %

NYSE RXO opened at $27.93 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -310.33, a PEG ratio of 13.27 and a beta of 1.34. The firm has a 50 day simple moving average of $27.82 and a 200-day simple moving average of $24.55. RXO, Inc. has a one year low of $16.94 and a one year high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The business had revenue of $930.00 million during the quarter, compared to analysts’ expectations of $934.14 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts anticipate that RXO, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RXO shares. Susquehanna lowered their target price on shares of RXO from $20.00 to $16.00 and set a “negative” rating for the company in a report on Thursday, September 26th. Jefferies Financial Group dropped their target price on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Barclays raised their price target on RXO from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Oppenheimer reiterated an “outperform” rating and issued a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th. Finally, UBS Group raised their price objective on shares of RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, RXO presently has an average rating of “Hold” and a consensus price target of $26.23.

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.