RXO, Inc. (NYSE:RXO) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of RXO, Inc. (NYSE:RXO) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 349,817 shares of the company’s stock after selling 4,012 shares during the quarter. Legal & General Group Plc owned about 0.22% of RXO worth $8,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RXO. Wilmington Savings Fund Society FSB bought a new position in RXO in the 3rd quarter valued at about $28,000. Blue Trust Inc. increased its stake in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after acquiring an additional 510 shares during the period. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 868 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 purchasing an additional 1,445 shares during the period. Finally, KBC Group NV boosted its stake in RXO by 41.2% during the 4th 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 in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Price Performance

Shares of NYSE:RXO opened at $13.21 on Friday. The business has a fifty day simple moving average of $18.05 and a 200 day simple moving average of $23.83. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO, Inc. has a 1 year low of $12.39 and a 1 year high of $32.82. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -6.23, a P/E/G ratio of 4.55 and a beta of 1.60.

RXO (NYSE:RXO) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS 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%. As a group, sell-side analysts predict that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

RXO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on RXO in a research note on Friday, March 7th. They set a “hold” rating and a $19.00 target price 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. Citigroup dropped their price target on RXO from $23.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Truist Financial started coverage on RXO in a report on Thursday, March 13th. They issued a “buy” rating and a $24.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.73.

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.