RXO, Inc. (NYSE:RXO) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in RXO, Inc. (NYSE:RXO) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,904 shares of the company’s stock after purchasing an additional 1,700 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of RXO worth $2,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RXO. Blue Trust Inc. grew its holdings in RXO by 79.7% during the fourth 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 period. Wilmington Savings Fund Society FSB acquired a new position in RXO during the third quarter worth $28,000. Nomura Asset Management Co. Ltd. grew its holdings in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after acquiring an additional 570 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after acquiring an additional 1,445 shares during the period. Finally, KBC Group NV grew its holdings in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after acquiring an additional 890 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Down 3.9 %

Shares of NYSE:RXO opened at $20.14 on Friday. 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, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82. The stock’s fifty day simple moving average is $24.08 and its 200-day simple moving average is $26.79. The company has a market capitalization of $3.24 billion, a P/E ratio of -9.50, a P/E/G ratio of 4.71 and a beta of 1.53.

RXO (NYSE:RXO) last issued its quarterly earnings data 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 positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, equities research analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna dropped their price objective on RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Stifel Nicolaus dropped their price objective on RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Tuesday, November 12th. Barclays decreased their target price on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Benchmark reiterated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, RXO has an average rating of “Hold” and a consensus price target of $26.46.

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.