Atomi Financial Group Inc. increased its stake in shares of RXO, Inc. (NYSE:RXO – Free Report) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,592 shares of the company’s stock after purchasing an additional 4,238 shares during the period. Atomi Financial Group Inc.’s holdings in RXO were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of RXO. Wilmington Savings Fund Society FSB bought a new position in shares of RXO during the 3rd quarter valued at approximately $28,000. Nomura Asset Management Co. Ltd. increased its position in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after acquiring an additional 510 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 buying an additional 1,445 shares during the period. Finally, KBC Group NV grew its holdings in RXO by 28.1% during the 3rd quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after purchasing an additional 890 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
Analysts Set New Price Targets
Several research firms have commented on RXO. Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 12th. Barclays decreased their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Susquehanna lowered their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, RXO has a consensus rating of “Hold” and an average price target of $26.79.
RXO Price Performance
RXO stock opened at $25.92 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO, Inc. has a 12-month low of $18.75 and a 12-month high of $32.82. The company has a market cap of $4.17 billion, a PE ratio of -13.09, a price-to-earnings-growth ratio of 3.72 and a beta of 1.52. The stock has a 50-day moving average price of $26.51 and a two-hundred day moving average price of $27.75.
RXO (NYSE:RXO – Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts predict that RXO, Inc. will post 0.12 EPS 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.
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