Quintet Private Bank Europe S.A. Sells 604 Shares of RXO, Inc. (NYSE:RXO)

Quintet Private Bank Europe S.A. decreased its stake in shares of RXO, Inc. (NYSE:RXO) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the company’s stock after selling 604 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in RXO were worth $112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in shares of RXO by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock worth $783,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of RXO by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after acquiring an additional 551 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of 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 last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in RXO by 4.9% during the third quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock worth $390,000 after buying an additional 650 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

RXO has been the topic of a number of recent analyst reports. Benchmark reissued a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Stifel Nicolaus reduced their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company reduced their target price 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. The Goldman Sachs Group cut their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, Susquehanna lowered their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.46.

RXO Price Performance

RXO stock opened at $20.25 on Tuesday. The firm’s 50-day simple moving average is $23.44 and its 200 day simple moving average is $26.41. RXO, Inc. has a 52 week low of $18.75 and a 52 week high of $32.82. The firm has a market capitalization of $3.26 billion, a PE ratio of -9.55, a P/E/G ratio of 4.55 and a beta of 1.53. 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 announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, equities research analysts predict that RXO, Inc. will post 0.31 EPS for the current fiscal year.

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.