998,709 Shares in RXO, Inc. (NYSE:RXO) Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P bought a new position in shares of RXO, Inc. (NYSE:RXO) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 998,709 shares of the company’s stock, valued at approximately $27,964,000. Loomis Sayles & Co. L P owned approximately 0.62% of RXO at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners grew its position in shares of RXO by 150.0% in the 1st quarter. Boston Partners now owns 42,526 shares of the company’s stock valued at $930,000 after purchasing an additional 25,519 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of RXO by 1,459.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock valued at $42,574,000 after buying an additional 1,523,650 shares during the period. Swedbank AB bought a new stake in shares of RXO during the first quarter worth $76,982,000. SG Americas Securities LLC raised its holdings in shares of RXO by 1,407.4% during the second quarter. SG Americas Securities LLC now owns 103,993 shares of the company’s stock worth $2,719,000 after acquiring an additional 97,094 shares during the period. Finally, Comerica Bank lifted its position in RXO by 219.0% in the 1st quarter. Comerica Bank now owns 170,377 shares of the company’s stock valued at $3,726,000 after acquiring an additional 116,974 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Price Performance

RXO stock opened at $30.42 on Tuesday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of -15.36, a PEG ratio of 15.28 and a beta of 1.33. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO, Inc. has a 12 month low of $18.75 and a 12 month high of $32.82. The stock’s 50 day moving average is $28.11 and its 200-day moving average is $26.47.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. During the same period in the prior year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts expect that RXO, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RXO shares. 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 research note on Tuesday, November 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $31.00 price target on shares of RXO in a research report on Monday, November 11th. Susquehanna decreased their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research report on Tuesday, November 12th. Oppenheimer restated an “outperform” rating and set a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. Finally, Morgan Stanley upped their target price on shares of RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.47.

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.