Smartleaf Asset Management LLC Has $30,000 Holdings in RXO, Inc. (NYSE:RXO)

Smartleaf Asset Management LLC increased its position in shares of RXO, Inc. (NYSE:RXO) by 228.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,248 shares of the company’s stock after acquiring an additional 868 shares during the quarter. Smartleaf Asset Management LLC’s holdings in RXO were worth $30,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in RXO by 439.5% in the third quarter. FMR LLC now owns 47,837 shares of the company’s stock worth $1,339,000 after acquiring an additional 38,970 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in RXO in the 4th quarter valued at $2,004,000. JPMorgan Chase & Co. boosted its holdings in RXO by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock valued at $7,618,000 after purchasing an additional 113,685 shares during the period. Tectonic Advisors LLC acquired a new position in shares of RXO in the 4th quarter valued at $1,066,000. Finally, Citigroup Inc. raised its stake in shares of RXO by 132.4% in the 3rd quarter. Citigroup Inc. now owns 196,748 shares of the company’s stock valued at $5,509,000 after buying an additional 112,073 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RXO shares. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 price objective for the company. Benchmark restated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Barclays dropped their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RXO presently has an average rating of “Hold” and an average target price of $25.93.

RXO Trading Up 2.7 %

RXO opened at $18.13 on Thursday. 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 stock has a market capitalization of $2.96 billion, a PE ratio of -8.55, a PEG ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 1-year low of $17.50 and a 1-year high of $32.82. The firm has a 50-day moving average price of $22.79 and a two-hundred day moving average price of $25.96.

RXO (NYSE:RXO) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share 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, equities analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current fiscal 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.