City Holding Co. Purchases 1,680 Shares of RXO, Inc. (NYSE:RXO)

by · The Cerbat Gem

City Holding Co. grew its holdings in shares of RXO, Inc. (NYSE:RXO – Free Report) by 32.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,921 shares of the company’s stock after buying an additional 1,680 shares during the period. City Holding Co.’s holdings in RXO were worth $165,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew 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 purchasing an additional 510 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the period. Glenmede Trust Co. NA grew its holdings in RXO by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock valued at $390,000 after buying an additional 650 shares in the last quarter. KBC Group NV increased its position in shares of RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after buying an additional 890 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of RXO in the third quarter worth about $28,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Trading Down 1.5 %

Shares of RXO opened at $25.18 on Tuesday. RXO, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $32.82. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -12.72, a PEG ratio of 3.17 and a beta of 1.52. The firm has a 50 day moving average price of $26.64 and a 200-day moving average price of $27.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

RXO (NYSE:RXO – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, equities research analysts forecast that RXO, Inc. will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

RXO has been the topic of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Barclays decreased their target price on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.77.

View Our Latest Stock Analysis on RXO

RXO Company Profile

(Free Report)

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.

Further Reading

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