Motley Fool Wealth Management LLC Sells 28,417 Shares of RXO, Inc. (NYSE:RXO)

Motley Fool Wealth Management LLC lessened its holdings in shares of RXO, Inc. (NYSE:RXO) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 569,146 shares of the company’s stock after selling 28,417 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.35% of RXO worth $13,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of RXO during the 3rd quarter valued at $28,000. Blue Trust Inc. increased its position in RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after buying an additional 510 shares during the last quarter. Smartleaf Asset Management LLC increased its position in RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after buying an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after buying an additional 570 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after buying an additional 1,445 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark reissued a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Truist Financial assumed coverage on RXO in a report on Thursday, March 13th. They set a “buy” rating and a $24.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus cut their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and an average target price of $25.80.

RXO Stock Up 0.7 %

RXO stock opened at $19.17 on Wednesday. RXO, Inc. has a twelve month low of $17.50 and a twelve month high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.13 billion, a PE ratio of -9.04, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The business’s 50-day simple moving average is $21.69 and its 200 day simple moving average is $25.34.

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

About RXO

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.