Natixis Advisors LLC Acquires 77,582 Shares of RXO, Inc. (NYSE:RXO)

Natixis Advisors LLC raised its holdings in RXO, Inc. (NYSE:RXO) by 18.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 506,570 shares of the company’s stock after acquiring an additional 77,582 shares during the quarter. Natixis Advisors LLC’s holdings in RXO were worth $12,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in RXO in the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its position in shares of RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after purchasing an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position 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 worth $39,000 after purchasing an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,445 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on RXO shares. Jefferies Financial Group decreased their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Morgan Stanley lowered their price objective 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. Wells Fargo & Company cut their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft initiated coverage on RXO in a research report on Friday, March 7th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Truist Financial initiated coverage on RXO in a research note on Thursday, March 13th. They issued a “buy” rating and a $24.00 price objective on the stock. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.80.

RXO Stock Performance

Shares of NYSE RXO opened at $18.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -8.85, a P/E/G ratio of 4.55 and a beta of 1.67. The stock’s fifty day moving average price is $22.15 and its two-hundred day moving average price is $25.60. RXO, Inc. has a one year low of $17.50 and a one year high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, equities analysts forecast that RXO, Inc. will post 0.31 EPS for the current year.

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.