Douglas Lane & Associates LLC grew its holdings in shares of RXO, Inc. (NYSE:RXO – Free Report) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,674,661 shares of the company’s stock after purchasing an additional 2,881 shares during the quarter. Douglas Lane & Associates LLC owned about 1.66% of RXO worth $63,764,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System raised its holdings in RXO by 2.3% during the second quarter. Arizona State Retirement System now owns 32,906 shares of the company’s stock valued at $860,000 after buying an additional 751 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in 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 purchasing an additional 575 shares during the last quarter. WINTON GROUP Ltd boosted its position in RXO by 57.3% during the second quarter. WINTON GROUP Ltd now owns 300,255 shares of the company’s stock worth $7,852,000 after purchasing an additional 109,349 shares during the period. Dimensional Fund Advisors LP grew its holdings in RXO by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock valued at $53,153,000 after purchasing an additional 176,041 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in shares of RXO by 20.7% in the second quarter. Primecap Management Co. CA now owns 1,020,900 shares of the company’s stock valued at $26,697,000 after purchasing an additional 175,300 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.
Wall Street Analysts Forecast Growth
RXO has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. Benchmark reissued a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Wells Fargo & Company lowered their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday. Susquehanna cut their price target on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. Finally, Citigroup lowered shares of 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, RXO currently has an average rating of “Hold” and an average price target of $26.27.
RXO Price Performance
Shares of RXO stock traded down $0.10 during midday trading on Wednesday, hitting $25.20. 258,733 shares of the company were exchanged, compared to its average volume of 819,538. The firm has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $27.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $4.05 billion, a P/E ratio of -12.73, a PEG ratio of 15.82 and a beta of 1.52. RXO, Inc. has a 52 week low of $18.75 and a 52 week high of $32.82.
RXO (NYSE:RXO – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. During the same period last year, the business earned $0.05 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Research analysts forecast that RXO, Inc. will post 0.12 earnings per share for the current year.
RXO Company 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.
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