Emerald Mutual Fund Advisers Trust Cuts Stake in RXO, Inc. (NYSE:RXO)

Emerald Mutual Fund Advisers Trust lessened its stake in RXO, Inc. (NYSE:RXO) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 495,184 shares of the company’s stock after selling 98,479 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.31% of RXO worth $11,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in RXO by 79.7% during the 4th 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 period. Wilmington Savings Fund Society FSB bought a new position in RXO during the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in RXO by 228.4% in the fourth 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. Thurston Springer Miller Herd & Titak Inc. grew its position in RXO by 407.0% in 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 during the period. Finally, KBC Group NV raised its stake in RXO by 41.2% during the 4th quarter. KBC Group NV now owns 5,727 shares of the company’s stock valued at $137,000 after buying an additional 1,672 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Stock Up 1.4 %

Shares of NYSE:RXO opened at $13.67 on Tuesday. RXO, Inc. has a 52-week low of $12.19 and a 52-week high of $32.82. The stock has a market cap of $2.24 billion, a P/E ratio of -6.45, a PEG ratio of 4.55 and a beta of 1.60. The business has a fifty day moving average of $17.10 and a two-hundred day moving average of $23.16. 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 (NYSE:RXO) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, research analysts expect that RXO, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RXO. Wells Fargo & Company reduced their price objective on RXO from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Oppenheimer downgraded shares of RXO from an “outperform” rating to a “market perform” rating in a report on Friday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of RXO in a research note on Friday, March 7th. They set a “hold” rating and a $19.00 price target on the stock. Susquehanna decreased their target price on RXO from $18.00 to $13.00 and set a “negative” rating on the stock in a report on Wednesday, March 26th. Finally, Stifel Nicolaus reduced their price target on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.40.

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.