Primecap Management Co. CA Has $7.19 Million Stock Holdings in RXO, Inc. (NYSE:RXO)

Primecap Management Co. CA reduced its stake in shares of RXO, Inc. (NYSE:RXO) by 58.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 301,496 shares of the company’s stock after selling 420,704 shares during the period. Primecap Management Co. CA’s holdings in RXO were worth $7,188,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RXO. Blue Trust Inc. raised its holdings in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in RXO during the 3rd quarter worth about $28,000. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after acquiring an additional 570 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after acquiring an additional 1,445 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RXO has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Barclays decreased their target price 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. Jefferies Financial Group dropped their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of RXO in a research report on Friday, March 7th. They issued a “hold” rating and a $19.00 price objective for the company. Finally, Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, RXO has an average 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.

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.