Nomura Asset Management Co. Ltd. increased its stake in RXO by 68.7%, now owning 1,400 shares valued at $39,000. RXO, which provides full truckload freight transportation services, has a current "Hold" rating from analysts, with a price target cut to $20.00 by Wells Fargo. Institutional investors hold 92.73% of the company's stock, and RXO's market cap stands at $3.11 billion.
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