First Eagle Investment Management LLC Purchases 54,000 Shares of RXO, Inc. (NYSE:RXO)

First Eagle Investment Management LLC boosted its position in shares of RXO, Inc. (NYSE:RXO) by 18.8% in the 4th quarter, HoldingsChannel reports. The firm owned 340,875 shares of the company’s stock after buying an additional 54,000 shares during the period. First Eagle Investment Management LLC’s holdings in RXO were worth $8,126,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in RXO during the 3rd quarter valued at about $28,000. Blue Trust Inc. lifted its holdings in RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after purchasing an additional 510 shares during the last quarter. 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 valued at $30,000 after purchasing an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after purchasing an additional 1,445 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RXO. Stifel Nicolaus cut their price target on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group dropped their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Morgan Stanley dropped their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 target price for the company. Finally, The Goldman Sachs Group dropped their target price on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and a consensus target price of $25.80.

RXO Stock Up 1.5 %

Shares of NYSE RXO opened at $18.51 on Friday. The stock has a market cap of $3.02 billion, a P/E ratio of -8.73, a P/E/G ratio of 4.55 and a beta of 1.67. The firm has a 50 day moving average price of $22.55 and a 200 day moving average price of $25.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. RXO, Inc. has a 52-week low of $17.50 and a 52-week high of $32.82.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Analysts expect that RXO, Inc. will post 0.31 EPS for the current year.

RXO Company 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.