2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP lifted its stake in shares of RXO, Inc. ( NYSE:RXO – Free Report ) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 2,032,929 shares of the company’s stock after purchasing an additional 176,041 shares during the period. Dimensional Fund Advisors LP owned about 1.73% of RXO worth $53,153,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Douglas Lane & Associates LLC raised its stake in RXO by 2.6% during the first quarter.
Douglas Lane & Associates LLC now owns 2,646,147 shares of the company’s stock worth $57,871,000 after acquiring an additional 66,757 shares during the period. Norges Bank acquired a new stake in RXO during the fourth quarter worth about $24,250,000. GSA Capital Partners LLP raised its stake in RXO by 433.
8% during the first quarter. GSA Capital Partners LLP now owns 56,002 shares of the company’s stock worth $1,225,000 after acquiring an additional 45,510 shares during the period. UniSuper Management Pty Ltd acquired a new stake in RXO during the first quarter worth about $542,000.
Finally, Boston Partners raised its stake in RXO by 150.0% during the first quarter. Boston Partners now owns 42,526 shares of the company’s stock worth $930,000 after acquiring an additional 25,519 shares during the period.
Institutional investors and hedge funds own 92.73% of the company’s stock. RXO Price Performance NYSE RXO opened at $27.
53 on Friday. RXO, Inc. has a 12 month low of $16.
94 and a 12 month high of $32.82. The company has a debt-to-equity ratio of 0.
64, a current ratio of 1.17 and a quick ratio of 1.17.
The firm has a market capitalization of $3.82 billion, a PE ratio of -305.89, a P/E/G ratio of 13.
22 and a beta of 1.35. The company’s 50 day simple moving average is $28.
34 and its 200 day simple moving average is $24.15. Analyst Upgrades and Downgrades RXO has been the topic of several research reports.
Susquehanna dropped their price objective on shares of RXO from $20.00 to $16.00 and set a “negative” rating on the stock in a research note on Thursday.
Barclays raised their price target on shares of RXO from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th.
Benchmark restated a “hold” rating on shares of RXO in a research note on Tuesday, August 13th. Morgan Stanley raised their price target on shares of RXO from $19.00 to $26.
00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Oppenheimer restated an “outperform” rating and issued a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th.
Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, RXO currently has a consensus rating of “Hold” and an average target price of $25.67.
Get Our Latest Stock 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.
Read More 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.com's FREE daily email newsletter ..
