Amalgamated Bank Increases Stock Position in RXO, Inc. (NYSE:RXO)

Amalgamated Bank lifted its position in shares of RXO, Inc. (NYSE:RXO) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,837 shares of the company’s stock after purchasing an additional 1,356 shares during the period. Amalgamated Bank’s holdings in RXO were worth $997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in RXO during the 3rd quarter worth $28,000. Blue Trust Inc. grew 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 buying an additional 510 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in 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 during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in RXO by 407.0% during the 4th 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. Finally, KBC Group NV lifted its position in RXO by 28.1% during the 3rd quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after acquiring an additional 890 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Stock Performance

RXO opened at $20.25 on Tuesday. The stock’s 50 day simple moving average is $23.44 and its 200 day simple moving average is $26.41. The stock has a market cap of $3.26 billion, a P/E ratio of -9.55, a P/E/G ratio of 4.55 and a beta of 1.53. RXO, Inc. has a 1-year low of $18.75 and a 1-year high of $32.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33.

RXO (NYSE:RXO) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. As a group, equities analysts anticipate that RXO, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays cut their price target on 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 cut their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Morgan Stanley lowered their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Tuesday, November 12th. Finally, Stifel Nicolaus lowered their price objective on RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, RXO has a consensus rating of “Hold” and an average target price of $26.46.

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.