New York State Common Retirement Fund Has $10.71 Million Holdings in RXO, Inc. (NYSE:RXO)

New York State Common Retirement Fund grew its position in shares of RXO, Inc. (NYSE:RXO) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 449,423 shares of the company’s stock after buying an additional 4,400 shares during the quarter. New York State Common Retirement Fund owned approximately 0.28% of RXO worth $10,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in RXO. Wilmington Savings Fund Society FSB bought a new position in RXO during the third quarter valued at approximately $28,000. Blue Trust Inc. increased its stake in shares of RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after purchasing an additional 510 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,445 shares in the last quarter. Finally, KBC Group NV boosted its holdings in RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after purchasing an additional 890 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on RXO shares. 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 research report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays reduced their price objective on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Stifel Nicolaus decreased their price objective on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, RXO has an average rating of “Hold” and a consensus price target of $26.46.

RXO Stock Down 2.3 %

NYSE RXO opened at $19.69 on Tuesday. RXO, Inc. has a twelve month low of $18.75 and a twelve month high of $32.82. 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 cap of $3.17 billion, a PE ratio of -9.29, a PEG ratio of 4.55 and a beta of 1.53. The firm has a 50-day simple moving average of $23.93 and a 200 day simple moving average of $26.69.

RXO (NYSE:RXO) last announced 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 positive return on equity of 1.53% and a negative net margin of 6.26%. On average, research analysts forecast 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.