RXO, Inc. (NYSE:RXO) is Hauser Brothers GmbH’s 9th Largest Position

Hauser Brothers GmbH reduced its stake in shares of RXO, Inc. (NYSE:RXO) by 35.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,100 shares of the company’s stock after selling 71,000 shares during the period. RXO makes up about 2.2% of Hauser Brothers GmbH’s holdings, making the stock its 9th largest position. Hauser Brothers GmbH owned about 0.08% of RXO worth $3,125,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. raised 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 acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in RXO in the 3rd quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its holdings in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock valued at $30,000 after buying an additional 868 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in RXO by 407.0% during 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 in the last quarter. Finally, KBC Group NV raised its holdings in shares of RXO by 41.2% in the fourth quarter. KBC Group NV now owns 5,727 shares of the company’s stock worth $137,000 after acquiring an additional 1,672 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on RXO shares. Oppenheimer cut shares of RXO from an “outperform” rating to a “market perform” rating in a research note on Friday, April 4th. Citigroup lowered their price objective on RXO from $23.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on RXO in a report on Friday, March 7th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on shares of RXO from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.73.

RXO Stock Performance

RXO opened at $13.21 on Monday. RXO, Inc. has a twelve month low of $12.39 and a twelve month high of $32.82. The stock has a market cap of $2.17 billion, a PE ratio of -6.23, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The business’s 50 day moving average is $18.05 and its 200-day moving average is $23.78. 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 (NYSE:RXO) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, analysts predict that RXO, Inc. will post 0.31 earnings per share 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.