Swiss National Bank Has $4.81 Million Stock Position in RXO, Inc. (NYSE:RXO)

Swiss National Bank boosted its stake in shares of RXO, Inc. (NYSE:RXO) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 201,800 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Swiss National Bank’s holdings in RXO were worth $4,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in shares of RXO by 6.8% during the third quarter. Mutual of America Capital Management LLC now owns 20,639 shares of the company’s stock valued at $578,000 after buying an additional 1,318 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in RXO by 10.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 107,817 shares of the company’s stock valued at $3,019,000 after acquiring an additional 10,235 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of RXO in the 3rd quarter worth approximately $625,000. Landscape Capital Management L.L.C. acquired a new stake in shares of RXO during the 3rd quarter worth approximately $278,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of RXO by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock valued at $57,915,000 after purchasing an additional 136,886 shares during the period. 92.73% of the stock is owned by institutional investors.

RXO Trading Up 2.7 %

Shares of NYSE RXO opened at $19.09 on Tuesday. RXO, Inc. has a 1-year low of $17.50 and a 1-year high of $32.82. The company has a 50-day moving average of $21.80 and a two-hundred day moving average of $25.39. The company has a market cap of $3.12 billion, a PE ratio of -9.00, a P/E/G ratio of 4.55 and a beta of 1.67. 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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, equities analysts expect that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Truist Financial assumed coverage on RXO in a research report on Thursday, March 13th. They issued a “buy” rating and a $24.00 target price for the company. Morgan Stanley lowered their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Barclays cut their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group lowered their price objective on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company cut their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, RXO currently has an average rating of “Hold” and an average price target of $25.80.

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.