4 days Ago By ABMN Staff
Russell Investments Group Ltd. cut its stake in RXO, Inc. ( NYSE:RXO – Free Report ) by 21.
7% in the 4th quarter, HoldingsChannel reports. The fund owned 165,885 shares of the company’s stock after selling 45,973 shares during the period. Russell Investments Group Ltd.
’s holdings in RXO were worth $3,955,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also made changes to their positions in RXO. Raymond James Financial Inc.
acquired a new stake in RXO in the fourth quarter worth approximately $1,588,000. Charles Schwab Investment Management Inc. raised its stake in shares of RXO by 3.
7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock worth $51,138,000 after buying an additional 76,653 shares in the last quarter.
Harbor Capital Advisors Inc. acquired a new stake in shares of RXO in the fourth quarter valued at $2,004,000. JPMorgan Chase & Co.
boosted its stake in RXO by 111.5% during the fourth quarter. JPMorgan Chase & Co.
now owns 575,286 shares of the company’s stock valued at $13,715,000 after buying an additional 303,224 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in RXO by 11.
6% during the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock worth $20,248,000 after acquiring an additional 88,110 shares during the period.
92.73% of the stock is currently owned by institutional investors. RXO Trading Down 3.
4 % NYSE:RXO opened at $13.52 on Wednesday. The stock has a market cap of $2.
22 billion, a PE ratio of -6.38, a price-to-earnings-growth ratio of 4.55 and a beta of 1.
60. RXO, Inc. has a fifty-two week low of $12.
39 and a fifty-two week high of $32.82. The company has a debt-to-equity ratio of 0.
22, a current ratio of 1.26 and a quick ratio of 1.33.
The stock’s 50-day moving average is $18.52 and its two-hundred day moving average is $24.10.
Analyst Ratings Changes A number of brokerages have weighed in on RXO. Truist Financial assumed coverage on shares of RXO in a report on Thursday, March 13th. They issued a “buy” rating and a $24.
00 price target for the company. Barclays cut their target price on shares of RXO from $24.00 to $22.
00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Stifel Nicolaus decreased their price target 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 cut their price objective on RXO from $18.00 to $13.
00 and set a “negative” rating for the company in a research report on Wednesday, March 26th. Finally, Morgan Stanley decreased their target price on RXO from $27.00 to $25.
00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.
com, the company has an average rating of “Hold” and an average price target of $22.73. Check Out 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. Featured Articles 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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