Rxo Inc $RXO Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in Rxo Inc (NYSE:RXO) by 5.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 343,554 shares of the company’s stock after selling 21,620 shares during the quarter. Legal & General Group Plc’s holdings in RXO were worth $4,343,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

RXO has been the topic of a number of research analyst reports. Susquehanna lifted their target price on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a report on Friday, May 8th. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. TD Cowen boosted their price objective on RXO from $14.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Stifel Nicolaus upgraded RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, May 15th. Finally, Stephens set a $15.00 price objective on RXO in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, RXO has a consensus rating of “Hold” and a consensus target price of $20.08.

RXO Trading Up 4.5%

Shares of RXO opened at $28.08 on Tuesday. The stock’s 50-day moving average is $20.17 and its two-hundred day moving average is $16.32. The stock has a market cap of $4.63 billion, a PE ratio of -46.03, a P/E/G ratio of 28.51 and a beta of 2.08. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $28.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The company 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 firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Equities analysts forecast that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

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.