Rialto Wealth Management LLC Makes New $267,000 Investment in RXO, Inc. (NYSE:RXO)

Rialto Wealth Management LLC purchased a new stake in RXO, Inc. (NYSE:RXO) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 11,186 shares of the company’s stock, valued at approximately $267,000.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $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 3rd quarter worth about $28,000. Smartleaf Asset Management LLC boosted its position in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares during the period. Finally, 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 purchasing an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

RXO has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Barclays cut their price objective on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group dropped their target price on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus dropped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of RXO in a research note on Friday. They issued a “hold” rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.93.

RXO Stock Down 3.0 %

Shares of RXO stock opened at $19.83 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO, Inc. has a 1-year low of $18.75 and a 1-year high of $32.82. The business has a 50-day moving average of $23.13 and a 200-day moving average of $26.18. The company has a market capitalization of $3.24 billion, a PE ratio of -9.35, a P/E/G ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, equities analysts forecast that RXO, Inc. will post 0.31 EPS for the current fiscal year.

RXO Company 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.