RXO, Inc. (NYSE:RXO) Stock Position Raised by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its stake in RXO, Inc. (NYSE:RXO) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 340,875 shares of the company’s stock after buying an additional 54,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.21% of RXO worth $8,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in RXO by 13.3% in the 3rd quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after buying an additional 602,741 shares in the last quarter. Geode Capital Management LLC lifted its position in RXO by 16.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock worth $85,563,000 after buying an additional 441,994 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in RXO by 27.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after buying an additional 508,330 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in RXO by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock worth $51,138,000 after buying an additional 76,653 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in RXO by 31.9% in the 3rd quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock worth $49,031,000 after buying an additional 423,822 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Price Performance

Shares of RXO stock opened at $18.51 on Friday. 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 firm’s 50-day simple moving average is $22.55 and its 200-day simple moving average is $25.83. RXO, Inc. has a twelve month low of $17.50 and a twelve month high of $32.82. The firm has a market cap of $3.02 billion, a P/E ratio of -8.73, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting 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, research analysts expect that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RXO shares. Jefferies Financial Group cut their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company cut their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group cut their price target on shares of RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Finally, Stifel Nicolaus cut their price target on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. 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. According to data from MarketBeat, RXO presently has an average rating of “Hold” and a consensus price target of $25.80.

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.