RXO, Inc. (NYSE:RXO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in shares of RXO, Inc. (NYSE:RXO) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 619,289 shares of the company’s stock after selling 16,568 shares during the period. Nuveen Asset Management LLC owned 0.39% of RXO worth $14,764,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RXO. Blue Trust Inc. increased its position in RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after buying an additional 510 shares during the period. Smartleaf Asset Management LLC increased its position in RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after buying an additional 868 shares during the period. KBC Group NV increased its position in RXO by 41.2% during the fourth quarter. KBC Group NV now owns 5,727 shares of the company’s stock worth $137,000 after buying an additional 1,672 shares during the period. Rialto Wealth Management LLC purchased a new position in shares of RXO in the 4th quarter valued at approximately $267,000. Finally, Xponance Inc. grew its stake in shares of RXO by 29.6% in the 4th quarter. Xponance Inc. now owns 11,508 shares of the company’s stock valued at $274,000 after purchasing an additional 2,631 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Down 1.0%

RXO opened at $15.11 on Monday. The business’s fifty day moving average is $15.47 and its two-hundred day moving average is $21.35. 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 company has a market cap of $2.48 billion, a price-to-earnings ratio of -7.13, a PEG ratio of 4.55 and a beta of 1.71. RXO, Inc. has a one year low of $12.19 and a one year high of $32.82.

RXO (NYSE:RXO) last posted its earnings results on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.51 billion. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Analysts anticipate that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on RXO shares. Deutsche Bank Aktiengesellschaft started coverage on RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 target price on the stock. Bank of America lifted their target price on RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. The Goldman Sachs Group lowered their target price on RXO from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Morgan Stanley lowered their target price on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup reiterated a “neutral” rating and issued a $18.00 target price (up from $15.00) on shares of RXO in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

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.