Vaughan Nelson Investment Management L.P. Acquires 508,330 Shares of RXO, Inc. (NYSE:RXO)

Vaughan Nelson Investment Management L.P. lifted its stake in shares of RXO, Inc. (NYSE:RXO) by 27.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,375,410 shares of the company’s stock after buying an additional 508,330 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.48% of RXO worth $56,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in shares of RXO by 6.1% during the fourth quarter. State of Alaska Department of Revenue now owns 214,298 shares of the company’s stock valued at $5,108,000 after purchasing an additional 12,284 shares during the period. Tectonic Advisors LLC acquired a new position in RXO during the 4th quarter worth approximately $1,066,000. Yousif Capital Management LLC boosted its holdings in RXO by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 53,142 shares of the company’s stock worth $1,267,000 after acquiring an additional 811 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in RXO in the fourth quarter valued at approximately $5,754,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of RXO by 94.3% during the fourth quarter. Hantz Financial Services Inc. now owns 27,675 shares of the company’s stock valued at $660,000 after acquiring an additional 13,434 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RXO shares. Benchmark reiterated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Jefferies Financial Group reduced their price objective on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 10th. Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Tuesday, November 12th. Stifel Nicolaus cut their price target on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Morgan Stanley dropped their target price on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.46.

RXO Trading Down 4.6 %

NYSE:RXO opened at $20.48 on Friday. The firm’s 50 day moving average is $25.59 and its 200 day moving average is $27.43. RXO, Inc. has a 12 month low of $18.75 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.

RXO (NYSE:RXO) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. Equities research analysts expect that RXO, Inc. will post 0.39 earnings per share 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.