Wilmington Savings Fund Society FSB Acquires New Holdings in RXO, Inc. (NYSE:RXO)

Wilmington Savings Fund Society FSB bought a new position in RXO, Inc. (NYSE:RXO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,000 shares of the company’s stock, valued at approximately $28,000.

Other large investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. GAMMA Investing LLC increased its position in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after buying an additional 510 shares during the last quarter. KBC Group NV raised its holdings in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after buying an additional 890 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in RXO during the second quarter valued at about $112,000. Finally, City Holding Co. lifted its position in shares of RXO by 57.9% in the third quarter. City Holding Co. now owns 5,241 shares of the company’s stock worth $147,000 after buying an additional 1,921 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RXO shares. Benchmark reissued a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Tuesday, November 12th. Oppenheimer restated an “outperform” rating and issued a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. Susquehanna lowered their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $31.00 target price on shares of RXO in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.47.

RXO Price Performance

Shares of NYSE:RXO opened at $23.46 on Tuesday. The firm has a market capitalization of $3.77 billion, a PE ratio of -11.85, a PEG ratio of 15.82 and a beta of 1.32. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO, Inc. has a 1-year low of $18.75 and a 1-year high of $32.82. The business’s 50 day moving average is $28.46 and its 200-day moving average is $27.51.

RXO (NYSE:RXO) last posted its quarterly 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 earnings per share. Sell-side analysts predict that RXO, Inc. will post 0.12 earnings per share for the current year.

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.