270,000 Shares in Rxo Inc $RXO Purchased by Royce & Associates LP

Royce & Associates LP purchased a new position in Rxo Inc (NYSE:RXO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 270,000 shares of the company’s stock, valued at approximately $3,413,000. Royce & Associates LP owned approximately 0.16% of RXO as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of RXO in the first quarter worth about $30,000. Flagship Harbor Advisors LLC acquired a new stake in RXO during the fourth quarter valued at approximately $25,000. Quarry LP acquired a new stake in RXO during the third quarter valued at approximately $33,000. Larson Financial Group LLC raised its stake in RXO by 146.5% during the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in RXO by 27.0% during the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after buying an additional 701 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Stock Down 1.5%

Shares of RXO stock opened at $25.52 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $18.56 and its 200-day simple moving average is $15.62. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -41.84, a PEG ratio of 27.50 and a beta of 1.96. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $26.22.

RXO (NYSE:RXO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. Equities research analysts forecast that Rxo Inc will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial upped their price objective on RXO from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 8th. TD Cowen upped their price objective on RXO from $14.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Morgan Stanley restated an “equal weight” rating and set a $22.00 price objective (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. Stephens set a $15.00 price objective on RXO in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.08.

RXO Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.