KLP Kapitalforvaltning AS Buys Shares of 21,700 RXO, Inc. (NYSE:RXO)

KLP Kapitalforvaltning AS purchased a new position in shares of RXO, Inc. (NYSE:RXO – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 21,700 shares of the company’s stock, valued at approximately $517,000.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of RXO by 12.7% during the 3rd quarter.



The Manufacturers Life Insurance Company now owns 74,244 shares of the company’s stock valued at $2,079,000 after buying an additional 8,377 shares in the last quarter. FMR LLC grew its position in shares of RXO by 439.5% in the third quarter.

FMR LLC now owns 47,837 shares of the company’s stock valued at $1,339,000 after purchasing an additional 38,970 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of RXO by 4.

9% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock valued at $390,000 after purchasing an additional 650 shares during the period.

MetLife Investment Management LLC lifted its holdings in RXO by 16.3% during the 3rd quarter. MetLife Investment Management LLC now owns 78,455 shares of the company’s stock worth $2,197,000 after purchasing an additional 10,993 shares in the last quarter.

Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in RXO by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 247,588 shares of the company’s stock valued at $6,932,000 after buying an additional 4,415 shares in the last quarter.

92.73% of the stock is currently owned by institutional investors. RXO Trading Down 19.

5 %RXO opened at $15.74 on Friday. RXO, Inc.

has a 12 month low of $15.67 and a 12 month high of $32.82.

The stock has a fifty day moving average price of $20.72 and a 200-day moving average price of $24.99.

The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -7.42, a PEG ratio of 4.

55 and a beta of 1.67. The company has a current ratio of 1.

26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

RXO (NYSE:RXO – Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS 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, equities research analysts anticipate that RXO, Inc. will post 0.

31 earnings per share for the current fiscal year. Analysts Set New Price TargetsSeveral research firms recently weighed in on RXO. Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th.

Morgan Stanley dropped their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th.

Jefferies Financial Group decreased their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th.

Truist Financial initiated coverage on shares of RXO in a research note on Thursday, March 13th. They set a “buy” rating and a $24.00 target price on the stock.

Finally, Susquehanna lowered 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.

Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.

80.Get Our Latest Analysis on RXORXO 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.

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