Motley Fool Asset Management LLC Has $9.83 Million Stock Holdings in RXO, Inc. (NYSE:RXO)

Motley Fool Asset Management LLC increased its position in RXO, Inc. (NYSE:RXO) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412,179 shares of the company’s stock after acquiring an additional 35,826 shares during the quarter. Motley Fool Asset Management LLC owned about 0.26% of RXO worth $9,826,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. grew its holdings in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after buying an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of RXO in the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its stake in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position 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. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after purchasing an additional 1,445 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Trading Up 3.3 %

Shares of RXO stock opened at $19.54 on Thursday. The company has a market capitalization of $3.19 billion, a P/E ratio of -9.22, a P/E/G ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 12-month low of $17.50 and a 12-month high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $20.93 and a 200 day moving average price of $25.05.

RXO (NYSE:RXO) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Research analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on RXO shares. Wells Fargo & Company decreased their price target on shares of RXO from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Jefferies Financial Group decreased their target price on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Barclays cut their price target on RXO from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday. Stifel Nicolaus decreased 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. Finally, Truist Financial started coverage on RXO in a research note on Thursday, March 13th. They issued a “buy” rating and a $24.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.80.

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.