Motley Fool Wealth Management LLC Sells 28,417 Shares of RXO, Inc. (NYSE:RXO)

Motley Fool Wealth Management LLC cut its stake in RXO, Inc. (NYSE:RXO) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,146 shares of the company’s stock after selling 28,417 shares during the period. Motley Fool Wealth Management LLC’s holdings in RXO were worth $13,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in RXO by 439.5% during 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. Charles Schwab Investment Management Inc. increased its position in shares of RXO by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock worth $51,138,000 after purchasing an additional 76,653 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in RXO during the 4th quarter valued at about $2,004,000. Victory Capital Management Inc. boosted its position in RXO by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock valued at $20,248,000 after buying an additional 88,110 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in RXO by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock worth $7,618,000 after buying an additional 113,685 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RXO. The Goldman Sachs Group cut their target price 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. Truist Financial initiated coverage on RXO in a research note on Thursday, March 13th. They issued a “buy” rating and a $24.00 price objective on the stock. Jefferies Financial Group lowered their target price on RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Barclays reduced their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, RXO presently has an average rating of “Hold” and a consensus target price of $25.80.

RXO Stock Performance

Shares of RXO stock opened at $19.17 on Wednesday. The firm has a fifty day moving average of $21.69 and a two-hundred day moving average of $25.34. 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 stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -9.04, a PEG ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 52 week low of $17.50 and a 52 week high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, equities research analysts predict that RXO, Inc. will post 0.31 EPS for the current 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.