Kirr Marbach & Co. LLC IN Has $4.45 Million Stock Holdings in RXO, Inc. (NYSE:RXO)

Kirr Marbach & Co. LLC IN lowered its holdings in shares of RXO, Inc. (NYSE:RXO) by 1.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,777 shares of the company’s stock after selling 2,060 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.12% of RXO worth $4,453,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its stake in shares of RXO by 126.8% in the 2nd quarter. Sei Investments Co. now owns 37,445 shares of the company’s stock valued at $979,000 after purchasing an additional 20,933 shares in the last quarter. Bank of Montreal Can boosted its position in RXO by 29.7% in the second quarter. Bank of Montreal Can now owns 15,973 shares of the company’s stock valued at $418,000 after buying an additional 3,655 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of RXO during the second quarter worth $1,790,000. AQR Capital Management LLC acquired a new position in shares of RXO during the second quarter worth $226,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of RXO by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,867 shares of the company’s stock valued at $1,722,000 after acquiring an additional 2,423 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Price Performance

Shares of RXO stock opened at $26.02 on Wednesday. RXO, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $32.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $26.48 and a two-hundred day simple moving average of $27.74.

RXO (NYSE:RXO) last issued its earnings results 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that RXO, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on RXO from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Susquehanna lowered their price objective on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Jefferies Financial Group cut their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company decreased their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of RXO in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.79.

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.