XTX Topco Ltd Invests $421,000 in RXO, Inc. (NYSE:RXO)

XTX Topco Ltd bought a new stake in RXO, Inc. (NYSE:RXO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,662 shares of the company’s stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RXO. Vanguard Group Inc. increased its stake in RXO by 13.2% in the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock valued at $410,137,000 after buying an additional 2,009,937 shares during the last quarter. FIL Ltd boosted its position in RXO by 10.4% during the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company’s stock valued at $150,857,000 after purchasing an additional 596,158 shares during the last quarter. Geode Capital Management LLC grew its stake in RXO by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company’s stock valued at $80,185,000 after purchasing an additional 307,492 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of RXO by 27.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after purchasing an additional 508,330 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of RXO by 3.7% in 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 buying an additional 76,653 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Price Performance

Shares of RXO stock opened at $12.54 on Tuesday. The business’s 50-day moving average price is $17.91 and its 200-day moving average price is $23.68. The firm has a market capitalization of $2.06 billion, a PE ratio of -5.92, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. RXO, Inc. has a 12 month low of $12.19 and a 12 month high of $32.82. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

RXO (NYSE:RXO) last announced its quarterly earnings data 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 negative net margin of 6.26% and a positive return on equity of 1.53%. Sell-side analysts forecast that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RXO has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price objective on shares of RXO from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Barclays dropped their price target on RXO from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Stifel Nicolaus decreased their price objective on shares of RXO from $27.00 to $24.00 and set a “hold” 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. Finally, Morgan Stanley reduced their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, RXO presently has a consensus rating of “Hold” and an average price target of $22.73.

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.