Comerica Bank lifted its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 219.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,377 shares of the company's stock after purchasing an additional 116,974 shares during the quarter. Comerica Bank owned about 0.14% of RXO worth $3,726,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its holdings in RXO by 0.8% in the first quarter. Illinois Municipal Retirement Fund now owns 69,190 shares of the company's stock valued at $1,513,000 after buying an additional 543 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in RXO by 1.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,904 shares of the company's stock valued at $1,231,000 after buying an additional 820 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in RXO by 2.4% during the 4th quarter. Hohimer Wealth Management LLC now owns 46,405 shares of the company's stock valued at $1,079,000 after buying an additional 1,109 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of RXO in the fourth quarter worth $27,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of RXO by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 102,420 shares of the company's stock valued at $2,240,000 after acquiring an additional 1,348 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
RXO Stock Up 2.7 %
NYSE RXO traded up $0.79 during trading hours on Tuesday, reaching $29.89. 1,156,809 shares of the company traded hands, compared to its average volume of 703,383. The stock has a market capitalization of $3.51 billion, a PE ratio of -332.11, a PEG ratio of 5.55 and a beta of 1.38. RXO, Inc. has a 12 month low of $16.94 and a 12 month high of $32.82. The company has a 50 day moving average of $25.50 and a two-hundred day moving average of $22.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.
Wall Street Analysts Forecast Growth
RXO has been the topic of a number of analyst reports. Raymond James started coverage on shares of RXO in a research report on Wednesday, May 15th. They set a "market perform" rating on the stock. Benchmark restated a "hold" rating on shares of RXO in a report on Wednesday, June 12th. TD Cowen lifted their price target on shares of RXO from $19.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on shares of RXO from $16.00 to $25.00 and gave the company an "underweight" rating in a report on Tuesday, July 9th. Finally, Stephens restated an "equal weight" rating and set a $22.00 price objective on shares of RXO in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, RXO presently has a consensus rating of "Hold" and an average price target of $22.00.
Get Our Latest 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.
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