City Holding Co. Has $165,000 Position in RXO, Inc. (NYSE:RXO)

City Holding Co. increased its stake in shares of RXO, Inc. (NYSE:RXO) by 32.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,921 shares of the company’s stock after acquiring an additional 1,680 shares during the quarter. City Holding Co.’s holdings in RXO were worth $165,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 in the last quarter. Harbor Capital Advisors Inc. bought a new position in RXO in the fourth quarter worth approximately $2,004,000. JPMorgan Chase & Co. grew its stake in RXO by 71.8% in the third quarter. JPMorgan Chase & Co. now owns 272,062 shares of the company’s stock valued at $7,618,000 after acquiring an additional 113,685 shares during the period. Principal Financial Group Inc. increased its holdings in shares of RXO by 11.3% during the third quarter. Principal Financial Group Inc. now owns 650,222 shares of the company’s stock valued at $18,206,000 after acquiring an additional 66,159 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of RXO during the third quarter worth approximately $22,344,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RXO has been the topic of several research reports. Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Barclays lowered their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Citigroup lowered 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. Finally, Susquehanna decreased their price target on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.77.

RXO Price Performance

Shares of NYSE:RXO opened at $25.18 on Tuesday. The company has a market capitalization of $4.05 billion, a P/E ratio of -12.72, a price-to-earnings-growth ratio of 3.17 and a beta of 1.52. The company’s 50-day moving average is $26.64 and its 200 day moving average is $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, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $32.82.

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

RXO 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.