Quintet Private Bank Europe S.A. Sells 604 Shares of RXO, Inc. (NYSE:RXO)

Quintet Private Bank Europe S.A. cut its holdings in RXO, Inc. (NYSE:RXO) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,700 shares of the company’s stock after selling 604 shares during the period. Quintet Private Bank Europe S.A.’s holdings in RXO were worth $112,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after purchasing an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of RXO during the third quarter valued at about $28,000. Smartleaf Asset Management LLC increased its position in shares of RXO by 228.4% during the fourth 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 period. Nomura Asset Management Co. Ltd. increased its position in shares of 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after buying an additional 1,445 shares during the period. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RXO. The Goldman Sachs Group cut their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Jefferies Financial Group dropped their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Morgan Stanley dropped their target price 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, February 6th. Finally, Stifel Nicolaus dropped their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.46.

RXO Stock Performance

Shares of NYSE RXO opened at $20.25 on Tuesday. The firm has a fifty day moving average price of $23.44 and a 200-day moving average price of $26.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The stock has a market cap of $3.26 billion, a PE ratio of -9.55, a price-to-earnings-growth ratio of 4.55 and a beta of 1.53. RXO, Inc. has a 1 year low of $18.75 and a 1 year high of $32.82.

RXO (NYSE:RXO) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share 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%. Equities analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current fiscal 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.