21,700 Shares in RXO, Inc. (NYSE:RXO) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of RXO, Inc. ( NYSE:RXO – Free Report ) in the fourth quarter, Holdings Channel reports. The fund bought 21,700 shares of the company’s stock, valued at approximately $517,000.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of RXO by 1.5% in the fourth quarter.



Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock valued at $783,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. boosted its holdings in RXO by 79.

7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after purchasing an additional 510 shares during the last quarter.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of RXO by 1.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company’s stock valued at $712,000 after buying an additional 518 shares during the period.

Mutual of America Capital Management LLC grew its stake in shares of RXO by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after buying an additional 551 shares during the period.

Finally, Nomura Asset Management Co. Ltd. increased 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 worth $39,000 after buying an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Trading Down 19.5 % RXO stock opened at $15.74 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. RXO, Inc. has a 1 year low of $15.

67 and a 1 year high of $32.82. The firm’s 50-day moving average is $20.

72 and its 200-day moving average is $24.99. The company has a market cap of $2.

57 billion, a P/E ratio of -7.42, a PEG ratio of 4.55 and a beta of 1.

67. Analysts Set New Price Targets A number of research firms have commented on RXO. Barclays decreased their target price on shares of RXO from $24.

00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of RXO from $22.

00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus lowered their target price on shares of RXO from $27.

00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Susquehanna reduced their price target on shares of RXO from $18.

00 to $13.00 and set a “negative” rating for the company in a research report on Wednesday, March 26th. Finally, Truist Financial assumed coverage on shares of RXO in a research note on Thursday, March 13th.

They set a “buy” rating and a $24.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock.

According to MarketBeat, RXO currently has a consensus rating of “Hold” and an average target price of $24.80. Get Our Latest Analysis on RXO About RXO ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding RXO? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for RXO, Inc. ( NYSE:RXO – Free Report ). Receive News & Ratings for RXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RXO and related companies with MarketBeat.

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