Vaughan Nelson Investment Management L.P. Boosts Holdings in RXO, Inc. (NYSE:RXO)

Vaughan Nelson Investment Management L.P. raised its position in RXO, Inc. (NYSE:RXO) by 27.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,375,410 shares of the company’s stock after buying an additional 508,330 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in RXO were worth $56,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RXO. State Street Corp boosted its stake in RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock valued at $143,498,000 after buying an additional 602,741 shares during the period. Geode Capital Management LLC boosted its position in shares of RXO by 16.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock valued at $85,563,000 after acquiring an additional 441,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 worth $57,915,000 after purchasing an additional 136,886 shares in the last quarter. Fred Alger Management LLC raised its stake in RXO by 31.9% in the third quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock valued at $49,031,000 after purchasing an additional 423,822 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in RXO during the third quarter valued at approximately $27,964,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Stock Down 4.6 %

RXO stock opened at $20.48 on Friday. RXO, Inc. has a 1-year low of $18.75 and a 1-year high of $32.82. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $25.59 and a 200-day moving average of $27.43.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, equities analysts expect that RXO, Inc. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RXO has been the topic of a number of research analyst reports. Citigroup lowered shares of 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. Jefferies Financial Group lowered their price target on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Morgan Stanley cut their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday. Barclays decreased their price objective on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, The Goldman Sachs Group cut their target price on RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.46.

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.