RXO, Inc. (NYSE:RXO) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its position in shares of RXO, Inc. (NYSE:RXO) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 495,184 shares of the company’s stock after selling 98,479 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in RXO were worth $11,805,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock valued at $410,137,000 after buying an additional 2,009,937 shares during the last quarter. Norges Bank acquired a new position in RXO in the fourth quarter valued at $28,342,000. Franklin Resources Inc. raised its holdings in shares of RXO by 122.6% in the fourth quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company’s stock valued at $39,971,000 after buying an additional 923,307 shares during the last quarter. FIL Ltd boosted its stake in shares of RXO by 10.4% during the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company’s stock worth $150,857,000 after buying an additional 596,158 shares during the period. Finally, Barclays PLC grew its holdings in shares of RXO by 185.5% during the third quarter. Barclays PLC now owns 908,873 shares of the company’s stock worth $25,449,000 after buying an additional 590,530 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

RXO has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on RXO from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO in a research note on Friday, March 7th. They set a “hold” rating and a $19.00 price target on the stock. Morgan Stanley cut their target price on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Susquehanna cut their price target on shares of RXO from $18.00 to $13.00 and set a “negative” rating on the stock in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company dropped 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 report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.40.

RXO Stock Up 1.4 %

RXO opened at $13.67 on Tuesday. The business has a 50 day moving average price of $17.10 and a 200 day moving average price of $23.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The firm has a market cap of $2.24 billion, a P/E ratio of -6.45, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. RXO, Inc. has a twelve month low of $12.19 and a twelve month high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Research analysts forecast that RXO, Inc. will post 0.31 EPS for the current year.

RXO Profile

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.