Gabelli Funds LLC Reduces Holdings in RXO, Inc. (NYSE:RXO)

by · The Markets Daily

Gabelli Funds LLC cut its position in RXO, Inc. (NYSE:RXO – Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,157 shares of the company’s stock after selling 843 shares during the quarter. Gabelli Funds LLC’s holdings in RXO were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after acquiring an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in RXO in the third quarter valued at about $28,000. Smartleaf Asset Management LLC grew its stake 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased 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 worth $43,000 after purchasing an additional 1,445 shares during the last quarter. Finally, KBC Group NV raised its position in shares of RXO by 41.2% in the 4th quarter. KBC Group NV now owns 5,727 shares of the company’s stock valued at $137,000 after purchasing an additional 1,672 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Price Performance

Shares of RXO stock opened at $13.21 on Monday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -6.23, a PEG ratio of 4.55 and a beta of 1.60. RXO, Inc. has a 12 month low of $12.39 and a 12 month high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $18.05 and a 200 day moving average price of $23.78.

RXO (NYSE:RXO – Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect that RXO, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

RXO has been the topic of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Susquehanna decreased their price target on RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research note on Wednesday, March 26th. Barclays cut their price objective on RXO from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Oppenheimer lowered RXO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 4th. Finally, Truist Financial assumed coverage on RXO in a research report on Thursday, March 13th. They set a “buy” rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, RXO currently has an average rating of “Hold” and a consensus price target of $22.73.

Read Our Latest Research Report on RXO

RXO 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.

Read More

Want to see what other hedge funds are holding RXO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RXO, Inc. (NYSE:RXO – Free Report).