Boston Partners Lowers Stock Position in RXO, Inc. (NYSE:RXO)

Boston Partners decreased its position in shares of RXO, Inc. (NYSE:RXO) by 28.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,937 shares of the company’s stock after selling 16,683 shares during the period. Boston Partners’ holdings in RXO were worth $1,024,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RXO. FMR LLC raised its position in shares of RXO by 439.5% during the 3rd quarter. FMR LLC now owns 47,837 shares of the company’s stock valued at $1,339,000 after purchasing an additional 38,970 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in RXO by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock valued at $51,138,000 after acquiring an additional 76,653 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of RXO in the fourth quarter valued at about $2,004,000. Victory Capital Management Inc. boosted its stake in shares of RXO by 11.6% in the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock worth $20,248,000 after acquiring an additional 88,110 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of RXO by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock worth $7,618,000 after purchasing an additional 113,685 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RXO. Benchmark restated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Morgan Stanley dropped their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group reduced their price target 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. Barclays dropped their price objective on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group reduced their target price on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Two 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.80.

RXO Stock Performance

NYSE:RXO opened at $18.55 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The stock’s fifty day moving average is $21.91 and its 200 day moving average is $25.47. The firm has a market capitalization of $3.03 billion, a PE ratio of -8.75, a PEG ratio of 4.55 and a beta of 1.67. RXO, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $32.82.

RXO (NYSE:RXO) last announced 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%. On average, sell-side analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current 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.