Entropy Technologies LP Has $215,000 Holdings in Rxo Inc $RXO

Entropy Technologies LP decreased its holdings in Rxo Inc (NYSE:RXO) by 66.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,682 shares of the company’s stock after selling 29,114 shares during the quarter. Entropy Technologies LP’s holdings in RXO were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RXO. Oregon Public Employees Retirement Fund boosted its stake in shares of RXO by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock worth $475,000 after acquiring an additional 600 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of RXO by 18.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company’s stock worth $61,000 after acquiring an additional 649 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in RXO by 1.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock valued at $624,000 after acquiring an additional 724 shares during the period. ProShare Advisors LLC raised its stake in RXO by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock valued at $400,000 after acquiring an additional 972 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in RXO by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock valued at $1,648,000 after purchasing an additional 1,007 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RXO shares. Wells Fargo & Company lifted their price objective on shares of RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Susquehanna increased their price objective on shares of RXO from $18.00 to $20.00 and gave the company a “negative” rating in a research report on Tuesday, July 14th. Truist Financial raised their target price on shares of RXO from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Citigroup initiated coverage on shares of RXO in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price target (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.57.

RXO Price Performance

Shares of NYSE RXO opened at $20.25 on Friday. The firm has a market cap of $3.34 billion, a P/E ratio of -33.19 and a beta of 2.03. The business’s 50 day moving average is $26.50 and its 200-day moving average is $19.88. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $29.90.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted ($0.03) EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that Rxo Inc will post 0.07 earnings per share for the current year.

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.