RXO, Inc. (NYSE:RXO) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in shares of RXO, Inc. (NYSE:RXO) by 36.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,367,508 shares of the company’s stock after purchasing an additional 368,799 shares during the quarter. Loomis Sayles & Co. L P’s holdings in RXO were worth $32,602,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RXO. Vanguard Group Inc. increased its stake in 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 buying an additional 2,009,937 shares during the period. Zimmer Partners LP purchased a new stake in shares of RXO during the third quarter worth $22,680,000. Franklin Resources Inc. acquired a new stake in shares of RXO in the third quarter valued at $22,344,000. State Street Corp boosted its holdings in RXO by 13.3% in the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after purchasing an additional 602,741 shares during the period. Finally, Barclays PLC boosted its holdings in RXO by 185.5% in the third quarter. Barclays PLC now owns 908,873 shares of the company’s stock valued at $25,449,000 after purchasing an additional 590,530 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Up 1.6 %

Shares of NYSE RXO opened at $19.36 on Friday. The stock has a market cap of $3.16 billion, a PE ratio of -9.13, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. RXO, Inc. has a 52-week low of $17.50 and a 52-week high of $32.82. The business has a 50-day moving average price of $21.44 and a 200 day moving average price of $25.25. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22.

RXO (NYSE:RXO) last posted its quarterly earnings data 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 positive return on equity of 1.53% and a negative net margin of 6.26%. Equities research analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RXO. Barclays cut their price target on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a report on Friday, March 7th. They issued a “hold” rating and a $19.00 target price on the stock. The Goldman Sachs Group lowered their price target on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group reduced their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Truist Financial started coverage on shares of RXO in a research note on Thursday, March 13th. They set a “buy” rating and a $24.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RXO has an average rating of “Hold” and an average target price of $25.33.

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.