State of Alaska Department of Revenue Increases Stock Holdings in RXO, Inc. (NYSE:RXO)

State of Alaska Department of Revenue increased its position in shares of RXO, Inc. (NYSE:RXO) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 214,298 shares of the company’s stock after acquiring an additional 12,284 shares during the quarter. State of Alaska Department of Revenue’s holdings in RXO were worth $5,108,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tectonic Advisors LLC acquired a new stake in shares of RXO during the 4th quarter worth approximately $1,066,000. Yousif Capital Management LLC lifted its holdings in RXO by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 53,142 shares of the company’s stock valued at $1,267,000 after acquiring an additional 811 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in RXO in the fourth quarter worth approximately $5,754,000. Hantz Financial Services Inc. increased its stake in RXO by 94.3% during the fourth quarter. Hantz Financial Services Inc. now owns 27,675 shares of the company’s stock worth $660,000 after acquiring an additional 13,434 shares during the last quarter. Finally, KBC Group NV raised its position in RXO by 41.2% in the fourth quarter. KBC Group NV now owns 5,727 shares of the company’s stock valued at $137,000 after purchasing an additional 1,672 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Down 4.6 %

NYSE:RXO opened at $20.48 on Friday. RXO, Inc. has a 12-month low of $18.75 and a 12-month high of $32.82. The firm has a market cap of $3.29 billion, a PE ratio of -10.34, a price-to-earnings-growth ratio of 3.98 and a beta of 1.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $25.59 and a 200 day moving average price of $27.44.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. Sell-side analysts anticipate that RXO, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RXO has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price target on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday. Susquehanna dropped their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research report on Tuesday, November 12th. Morgan Stanley reduced their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. Jefferies Financial Group lowered their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.14.

RXO Company 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.