Insider Buying: RXO (NYSE:RXO) Director Purchases $251,209.96 in Stock

Rxo Inc (NYSE:RXO) Director Thomas Szlosek purchased 20,308 shares of RXO stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $12.37 per share, for a total transaction of $251,209.96. Following the transaction, the director directly owned 36,508 shares of the company’s stock, valued at $451,603.96. This trade represents a 125.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RXO Stock Up 7.4%

Shares of RXO stock traded up $0.91 during trading on Wednesday, hitting $13.09. The company’s stock had a trading volume of 360,171 shares, compared to its average volume of 1,740,056. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.32. The company has a fifty day simple moving average of $16.53 and a two-hundred day simple moving average of $16.04. Rxo Inc has a 52 week low of $11.37 and a 52 week high of $31.11. The company has a market capitalization of $2.15 billion, a PE ratio of -30.45, a P/E/G ratio of 18.21 and a beta of 1.67.

RXO (NYSE:RXO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.RXO’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities research analysts predict that Rxo Inc will post 0.31 earnings per share for the current year.

Institutional Trading of RXO

Several hedge funds and other institutional investors have recently made changes to their positions in RXO. AlphaQuest LLC acquired a new position in RXO during the 2nd quarter valued at about $29,000. Geneos Wealth Management Inc. purchased a new stake in shares of RXO during the first quarter worth about $30,000. Larson Financial Group LLC increased its holdings in shares of RXO by 1,990.2% during the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock valued at $33,000 after acquiring an additional 1,632 shares in the last quarter. CWM LLC raised its position in shares of RXO by 234.4% in the 1st quarter. CWM LLC now owns 1,876 shares of the company’s stock valued at $36,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock worth $49,000 after purchasing an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on RXO. Zacks Research cut RXO from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. UBS Group dropped their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a report on Wednesday, October 8th. Barclays reduced their target price on shares of RXO from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on RXO from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.69.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.