2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board bought a new position in shares of RXO, Inc. ( NYSE:RXO – Free Report ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,300 shares of the company’s stock, valued at approximately $112,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of RXO in the 4th quarter worth $24,250,000. US Bancorp DE lifted its holdings in RXO by 430.
2% in the 4th quarter. US Bancorp DE now owns 45,309 shares of the company’s stock valued at $1,054,000 after acquiring an additional 36,764 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in RXO in the 4th quarter valued at about $1,399,000.
TFO Wealth Partners LLC boosted its position in shares of RXO by 106,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company’s stock valued at $70,000 after purchasing an additional 3,205 shares in the last quarter.
Finally, Rathbones Group PLC acquired a new position in shares of RXO in the 4th quarter worth approximately $225,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.
RXO Stock Performance Shares of NYSE RXO opened at $27.53 on Friday. The company has a debt-to-equity ratio of 0.
64, a current ratio of 1.17 and a quick ratio of 1.17.
RXO, Inc. has a one year low of $16.94 and a one year high of $32.
82. The business’s 50-day moving average price is $28.34 and its two-hundred day moving average price is $24.
15. The company has a market capitalization of $3.82 billion, a P/E ratio of -305.
89, a price-to-earnings-growth ratio of 13.22 and a beta of 1.35.
Analyst Ratings Changes RXO has been the subject of a number of research reports. TD Cowen raised their target price on shares of RXO from $23.00 to $28.
00 and gave the stock a “hold” rating in a report on Thursday, August 8th. UBS Group boosted their price objective on RXO from $22.00 to $31.
00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of RXO from $25.
00 to $26.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Morgan Stanley boosted their price target on shares of RXO from $19.
00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group decreased their price objective on shares of RXO from $33.
00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock.
Based on data from MarketBeat.com, RXO has a consensus rating of “Hold” and a consensus price target of $25.67.
Get Our Latest Report on RXO RXO Profile ( 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.
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