Natixis Advisors LLC Has $12.08 Million Stock Holdings in RXO, Inc. (NYSE:RXO)

Natixis Advisors LLC grew its position in RXO, Inc. (NYSE:RXO) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 506,570 shares of the company’s stock after buying an additional 77,582 shares during the period. Natixis Advisors LLC owned 0.32% of RXO worth $12,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in 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 acquired a new position in RXO during the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its stake in shares of RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock valued at $30,000 after purchasing an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. grew 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 buying an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RXO by 407.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after buying an additional 1,445 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced 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 decreased their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group reduced their target price on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.80.

RXO Stock Up 0.3 %

RXO stock opened at $18.75 on Thursday. The company has a 50 day moving average of $22.15 and a 200-day moving average of $25.60. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. RXO, Inc. has a twelve month low of $17.50 and a twelve month high of $32.82. The stock has a market capitalization of $3.06 billion, a PE ratio of -8.85, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last released its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) 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 research analysts anticipate that RXO, Inc. will post 0.31 EPS for the current fiscal 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.