Mutual of America Capital Management LLC Acquires 1,318 Shares of RXO, Inc. (NYSE:RXO)

Mutual of America Capital Management LLC increased its holdings in shares of RXO, Inc. (NYSE:RXO) by 6.8% during the third quarter, Holdings Channel.com reports. The fund owned 20,639 shares of the company’s stock after purchasing an additional 1,318 shares during the quarter. Mutual of America Capital Management LLC’s holdings in RXO were worth $578,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after purchasing an additional 510 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of RXO in the second quarter valued at approximately $112,000. KBC Group NV grew its position 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 buying an additional 890 shares in the last quarter. City Holding Co. increased its stake in RXO by 57.9% during the 3rd quarter. City Holding Co. now owns 5,241 shares of the company’s stock worth $147,000 after acquiring an additional 1,921 shares during the period. Finally, Quintet Private Bank Europe S.A. raised its holdings in RXO by 29.6% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 5,304 shares of the company’s stock valued at $149,000 after acquiring an additional 1,212 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on RXO. Oppenheimer restated an “outperform” rating and issued a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. UBS Group raised their target price on shares of RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. TD Cowen boosted their target price on shares of RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Jefferies Financial Group reduced their price target on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Benchmark restated a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.47.

RXO Trading Up 1.5 %

Shares of RXO stock opened at $30.88 on Wednesday. RXO, Inc. has a twelve month low of $18.75 and a twelve month high of $32.82. The stock’s fifty day simple moving average is $28.11 and its 200 day simple moving average is $26.47. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.97 billion, a P/E ratio of -15.60, a P/E/G ratio of 15.28 and a beta of 1.33.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. As a group, sell-side analysts predict that RXO, Inc. will post 0.12 EPS 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.