Xponance Inc. Buys 2,631 Shares of RXO, Inc. (NYSE:RXO)

Xponance Inc. boosted its holdings in shares of RXO, Inc. (NYSE:RXO) by 29.6% in the 4th quarter, Holdings Channel reports. The firm owned 11,508 shares of the company’s stock after buying an additional 2,631 shares during the period. Xponance Inc.’s holdings in RXO were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RXO. State Street Corp lifted its position 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 buying an additional 602,741 shares during the last quarter. Geode Capital Management LLC raised its stake in RXO by 16.9% during the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock worth $85,563,000 after acquiring an additional 441,994 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of RXO by 27.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after acquiring an additional 508,330 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of RXO by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock valued at $51,138,000 after purchasing an additional 76,653 shares in the last quarter. Finally, Fred Alger Management LLC grew its holdings in shares of RXO by 31.9% during the 3rd quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock valued at $49,031,000 after purchasing an additional 423,822 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

RXO stock opened at $19.36 on Friday. The firm 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. 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 50-day moving average price of $21.44 and a 200-day moving average price of $25.25. RXO, Inc. has a 1-year low of $17.50 and a 1-year high of $32.82.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share 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%. As a group, equities research analysts expect that RXO, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RXO shares. Wells Fargo & Company cut 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 report on Thursday. Benchmark reissued a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Barclays lowered their target price on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group cut their price target on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna lowered 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.33.

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.