BloombergSen Inc. Has $14.10 Million Stock Position in RXO, Inc. (NYSE:RXO)

BloombergSen Inc. boosted its stake in shares of RXO, Inc. (NYSE:RXO) by 35.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 591,474 shares of the company’s stock after buying an additional 154,718 shares during the quarter. RXO makes up 0.9% of BloombergSen Inc.’s holdings, making the stock its 17th largest holding. BloombergSen Inc.’s holdings in RXO were worth $14,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of RXO by 13.2% during the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock worth $410,137,000 after purchasing an additional 2,009,937 shares in the last quarter. Norges Bank acquired a new stake in RXO during the fourth quarter worth $28,342,000. Franklin Resources Inc. boosted its stake in RXO by 122.6% during the fourth quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company’s stock worth $39,971,000 after buying an additional 923,307 shares in the last quarter. Zimmer Partners LP acquired a new position in shares of RXO in the 3rd quarter valued at $22,680,000. Finally, State Street Corp lifted its holdings in shares of RXO by 13.3% during the 3rd quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after acquiring an additional 602,741 shares during the period. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on RXO shares. Wells Fargo & Company lowered their target price on shares of RXO from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Truist Financial began coverage on RXO in a research note on Thursday, March 13th. They issued a “buy” rating and a $24.00 price objective on the stock. Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. The Goldman Sachs Group lowered their price target on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Susquehanna dropped their price objective on RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.80.

RXO Trading Down 19.5 %

RXO opened at $15.74 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.57 billion, a PE ratio of -7.42, a PEG ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 1-year low of $15.67 and a 1-year high of $32.82. The firm has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $24.99.

RXO (NYSE:RXO) last released 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 negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, equities analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current fiscal 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.