Dimensional Fund Advisors LP Acquires 504,955 Shares of Rxo Inc $RXO

Dimensional Fund Advisors LP boosted its stake in Rxo Inc (NYSE:RXO) by 32.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,048,903 shares of the company’s stock after purchasing an additional 504,955 shares during the quarter. Dimensional Fund Advisors LP’s holdings in RXO were worth $29,949,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RXO. Oregon Public Employees Retirement Fund boosted its stake in 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 last quarter. Oppenheimer & Co. Inc. raised its holdings in RXO by 1.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock worth $624,000 after purchasing an additional 724 shares during the period. ProShare Advisors LLC boosted its position in shares of RXO by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock worth $400,000 after purchasing an additional 972 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of RXO by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock valued at $1,648,000 after buying an additional 1,007 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of RXO by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,568 shares of the company’s stock valued at $273,000 after buying an additional 1,140 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RXO shares. Susquehanna lifted their target price on RXO from $18.00 to $20.00 and gave the stock a “negative” rating in a report on Tuesday, July 14th. Citigroup assumed coverage on RXO in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen upgraded shares of RXO from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company upped their price target on shares of RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Morgan Stanley restated an “equal weight” rating and set a $22.00 price objective (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.57.

RXO Stock Up 6.3%

RXO stock opened at $22.05 on Wednesday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -36.14 and a beta of 2.10. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $29.90. The business has a 50 day moving average price of $26.37 and a two-hundred day moving average price of $20.00. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28.

RXO (NYSE:RXO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Rxo Inc will post 0.07 EPS 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.