Boston Partners Lowers Stock Position in RXO, Inc. (NYSE:RXO)

Boston Partners cut its holdings in RXO, Inc. (NYSE:RXO) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,937 shares of the company’s stock after selling 16,683 shares during the quarter. Boston Partners’ holdings in RXO were worth $1,024,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in RXO during the third quarter worth about $27,964,000. Zimmer Partners LP bought a new stake in shares of RXO in the 3rd quarter worth approximately $22,680,000. Franklin Resources Inc. purchased a new stake in shares of RXO in the 3rd quarter worth approximately $22,344,000. State Street Corp raised its stake in RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after buying an additional 602,741 shares during the last quarter. Finally, Barclays PLC raised its stake in RXO by 185.5% during the third quarter. Barclays PLC now owns 908,873 shares of the company’s stock valued at $25,449,000 after buying an additional 590,530 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RXO. The Goldman Sachs Group reduced their price target on RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Morgan Stanley cut their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company reduced their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their price objective on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.80.

RXO Stock Down 2.1 %

RXO stock opened at $18.55 on Friday. The company has a market cap of $3.03 billion, a price-to-earnings ratio of -8.75, a P/E/G ratio of 4.55 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The business’s 50-day moving average is $21.91 and its two-hundred day moving average is $25.47. RXO, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $32.82.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting 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, analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current year.

About RXO

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.