UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,415 Shares of RXO, Inc. (NYSE:RXO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of RXO, Inc. (NYSE:RXOFree Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,588 shares of the company’s stock after buying an additional 4,415 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of RXO worth $6,932,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RXO. MFN Partners Management LP boosted its position in shares of RXO by 11.0% during the 2nd quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock worth $452,679,000 after acquiring an additional 1,722,301 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in RXO by 1,459.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock worth $42,574,000 after purchasing an additional 1,523,650 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in RXO during the third quarter worth $27,964,000. Driehaus Capital Management LLC bought a new stake in RXO during the second quarter worth $19,965,000. Finally, Victory Capital Management Inc. lifted its stake in RXO by 1,772.4% during the third quarter. Victory Capital Management Inc. now owns 761,230 shares of the company’s stock worth $21,314,000 after purchasing an additional 720,574 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Stock Performance

Shares of RXO stock opened at $28.60 on Tuesday. The stock has a market capitalization of $4.60 billion, a PE ratio of -14.44, a PEG ratio of 16.55 and a beta of 1.32. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day simple moving average is $28.62 and its 200 day simple moving average is $27.09.

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

Analysts Set New Price Targets

RXO has been the topic of several research analyst reports. Jefferies Financial Group reduced their price objective on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price target on shares of RXO in a report on Monday, November 18th. Susquehanna dropped their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Finally, Citigroup downgraded shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RXO currently has an average rating of “Hold” and a consensus target price of $26.47.

Read Our Latest Stock Report on RXO

About RXO

(Free Report)

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.

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Institutional Ownership by Quarter for RXO (NYSE:RXO)

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