2 weeks Ago By ABMN Staff
Bank of Montreal Can lifted its holdings in shares of RXO, Inc. ( NYSE:RXO – Free Report ) by 18.5% during the 4th quarter, Holdings Channel.
com reports. The firm owned 22,454 shares of the company’s stock after purchasing an additional 3,505 shares during the period. Bank of Montreal Can’s holdings in RXO were worth $535,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in RXO by 79.
7% in 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 in the last quarter.
Wilmington Savings Fund Society FSB bought a new position in RXO in the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of RXO by 407.
0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after buying an additional 1,445 shares during the period.
Finally, KBC Group NV raised its position in shares of RXO by 41.2% during the fourth quarter. KBC Group NV now owns 5,727 shares of the company’s stock worth $137,000 after acquiring an additional 1,672 shares during the last quarter.
92.73% of the stock is currently owned by institutional investors and hedge funds. RXO Stock Down 5.
3 % RXO stock opened at $12.54 on Tuesday. 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 stock has a market capitalization of $2.06 billion, a P/E ratio of -5.92, a P/E/G ratio of 4.
55 and a beta of 1.60. RXO, Inc.
has a fifty-two week low of $12.19 and a fifty-two week high of $32.82.
The business has a 50-day moving average of $17.91 and a 200-day moving average of $23.68.
Analyst Upgrades and Downgrades A number of brokerages recently commented on RXO. Barclays lowered their price objective on RXO from $24.00 to $22.
00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group lowered their target price on shares of RXO from $24.00 to $21.
00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on RXO in a research note on Friday, March 7th. They set a “hold” rating and a $19.
00 price objective for the company. Susquehanna reduced 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, Benchmark reissued a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock.
According to MarketBeat, RXO currently has a consensus rating of “Hold” and an average target price of $22.73. Get Our Latest Report on RXO RXO Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding RXO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for RXO, Inc. ( NYSE:RXO – Free Report ). Receive News & Ratings for RXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RXO and related companies with MarketBeat.
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