Principal Financial Group Inc. Acquires 83,305 Shares of Rxo Inc $RXO

Principal Financial Group Inc. lifted its holdings in Rxo Inc (NYSE:RXO) by 11.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 791,799 shares of the company’s stock after buying an additional 83,305 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of RXO worth $12,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its stake in shares of RXO by 39.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock valued at $28,315,000 after buying an additional 511,036 shares during the period. Russell Investments Group Ltd. boosted its holdings in RXO by 67.3% in the second quarter. Russell Investments Group Ltd. now owns 191,318 shares of the company’s stock valued at $3,008,000 after acquiring an additional 76,965 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in RXO in the third quarter worth about $4,026,000. Edgestream Partners L.P. bought a new stake in RXO during the 2nd quarter worth about $5,611,000. Finally, EFG Asset Management North America Corp. raised its holdings in RXO by 28.4% during the 2nd quarter. EFG Asset Management North America Corp. now owns 143,927 shares of the company’s stock worth $2,264,000 after purchasing an additional 31,860 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Key RXO News

Here are the key news stories impacting RXO this week:

• Positive Sentiment: Truist raised its price target to $20, signaling improved analyst sentiment that could support upside. Truist Financial Raises RXO (NYSE:RXO) Price Target to $20.00
• Positive Sentiment: Citigroup published a bullish forecast for strong price appreciation, adding institutional buy-side attention that can lift the stock. Citigroup Forecasts Strong Price Appreciation for RXO (NYSE:RXO) Stock
• Positive Sentiment: Coverage and market commentary highlighted a sharp rebound (stock up ~9.1% in earlier trade) after RXO disclosed margin pressure, an impairment and a new asset?based credit arrangement — investors interpreted the credit flexibility as de?risking near?term liquidity. Why RXO (RXO) Is Up 9.1% After Margin Squeeze, Impairment And New Asset-Based Credit Deal
• Neutral Sentiment: RXO launched a $400M senior notes offering due 2031; the deal was marketed as a private, exempt offering to institutional buyers — impact depends on how proceeds are used. RXO Launches $400 Million Senior Notes Offering
• Neutral Sentiment: The company priced the $400M 6.375% senior notes due 2031; the notes are unsecured and guaranteed by domestic subsidiaries — this raises fixed interest obligations but also signals access to capital markets. RXO Prices $400 Million Senior Notes Offering
• Neutral Sentiment: Wells Fargo reaffirmed a Hold rating, indicating some analysts remain cautious and see limited near?term catalysts. Wells Fargo Reaffirms Their Hold Rating on RXO, Inc. (RXO)
• Negative Sentiment: RXO traded down after reporting weak Q4 results — EPS missed estimates and revenue declined year?over?year, which drove the immediate sell?off. RXO (NYSE:RXO) Trading Down 5.2% Following Weak Earnings
• Negative Sentiment: Analyses flagged valuation pressure after the weak quarter and impairment; longer?term profitability concerns remain until margins stabilize. RXO (RXO) Valuation Check After Weak Q4 Results And New Credit Facility

Insider Transactions at RXO

In other RXO news, Director Troy A. Cooper purchased 8,317 shares of the stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of $10.61 per share, for a total transaction of $88,243.37. Following the completion of the acquisition, the director directly owned 275,416 shares of the company’s stock, valued at $2,922,163.76. The trade was a 3.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

RXO Trading Down 0.4%

RXO opened at $16.32 on Thursday. The firm’s fifty day moving average is $14.58 and its two-hundred day moving average is $15.16. The firm has a market cap of $2.68 billion, a PE ratio of -28.14, a price-to-earnings-growth ratio of 12.64 and a beta of 1.74. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $22.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.32 and a current ratio of 1.27.

RXO (NYSE:RXO) last released its quarterly earnings data on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Equities research analysts anticipate that Rxo Inc will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating on shares of RXO in a research note on Sunday. Stifel Nicolaus set a $15.00 price objective on shares of RXO in a research note on Thursday, February 5th. Barclays dropped their target price on shares of RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Wolfe Research upgraded RXO from an “underperform” rating to a “peer perform” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, RXO presently has an average rating of “Hold” and a consensus price target of $16.33.

RXO Company 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.