Quintet Private Bank Europe S.A. Has $149,000 Stake in RXO, Inc. (NYSE:RXO)

Quintet Private Bank Europe S.A. grew its holdings in RXO, Inc. (NYSE:RXO) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,304 shares of the company’s stock after buying an additional 1,212 shares during the period. Quintet Private Bank Europe S.A.’s holdings in RXO were worth $149,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of RXO by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after buying an additional 510 shares during the last quarter. Motco increased its stake in shares of RXO by 5,450.0% during the first quarter. Motco now owns 2,442 shares of the company’s stock worth $53,000 after purchasing an additional 2,398 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of RXO by 2,235.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock worth $80,000 after purchasing an additional 3,487 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of RXO during the second quarter worth approximately $112,000. Finally, City Holding Co. increased its stake in shares of RXO by 57.9% during the third quarter. City Holding Co. now owns 5,241 shares of the company’s stock worth $147,000 after purchasing an additional 1,921 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Susquehanna lowered their target price on RXO from $20.00 to $16.00 and set a “negative” rating on the stock in a research note on Thursday, September 26th. TD Cowen raised their price objective on RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Benchmark restated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group lowered their price objective on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.23.

RXO Trading Up 0.1 %

RXO stock opened at $27.95 on Tuesday. The business’s 50 day simple moving average is $27.75 and its 200 day simple moving average is $25.55. RXO, Inc. has a 12 month low of $17.17 and a 12 month high of $32.82. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64.

RXO (NYSE:RXO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The business had revenue of $930.00 million during the quarter, compared to analyst estimates of $934.14 million. During the same period in the prior year, the company earned $0.08 earnings per share. RXO’s revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that RXO, Inc. will post 0.15 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.