Natixis Advisors LLC Grows Stake in RXO, Inc. (NYSE:RXO)

Natixis Advisors LLC grew its holdings in shares of RXO, Inc. (NYSE:RXO) by 18.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 428,988 shares of the company’s stock after purchasing an additional 65,477 shares during the quarter. Natixis Advisors LLC’s holdings in RXO were worth $12,011,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in RXO during the 1st quarter valued at about $151,000. ProShare Advisors LLC increased its holdings in shares of RXO by 7.1% during the first quarter. ProShare Advisors LLC now owns 24,251 shares of the company’s stock valued at $530,000 after acquiring an additional 1,612 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of RXO by 225.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company’s stock valued at $2,380,000 after purchasing an additional 75,395 shares during the last quarter. Vanguard Group Inc. boosted its stake in RXO by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 13,294,483 shares of the company’s stock worth $290,750,000 after purchasing an additional 45,977 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in RXO during the 1st quarter worth approximately $542,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup downgraded shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Tuesday, November 12th. Jefferies Financial Group dropped their price target on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Oppenheimer restated an “outperform” rating and issued a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. Morgan Stanley raised their price target on shares of RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, UBS Group upped their price objective on shares of RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Two investment 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.47.

RXO Price Performance

Shares of NYSE RXO opened at $27.54 on Thursday. The firm has a fifty day moving average of $27.92 and a 200 day moving average of $26.25. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82. The firm has a market cap of $4.43 billion, a PE ratio of -13.91, a PEG ratio of 14.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. RXO’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS. As a group, research analysts predict that RXO, Inc. will post 0.12 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.