UBS Group AG Sells 640,257 Shares of Rxo Inc $RXO

UBS Group AG trimmed its position in Rxo Inc (NYSE:RXO) by 29.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,519,650 shares of the company’s stock after selling 640,257 shares during the quarter. UBS Group AG’s holdings in RXO were worth $19,208,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RXO. Vanguard Group Inc. boosted its position in shares of RXO by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 17,309,811 shares of the company’s stock worth $218,796,000 after purchasing an additional 93,130 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of RXO by 50.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,091 shares of the company’s stock valued at $583,000 after purchasing an additional 15,408 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in RXO by 5.1% in the 4th quarter. Cornerstone Wealth Group LLC now owns 275,066 shares of the company’s stock worth $3,477,000 after purchasing an additional 13,298 shares in the last quarter. Patten Group Inc. purchased a new stake in RXO during the 4th quarter worth approximately $404,000. Finally, Tectonic Advisors LLC grew its position in RXO by 11.7% during the 4th quarter. Tectonic Advisors LLC now owns 70,372 shares of the company’s stock worth $890,000 after purchasing an additional 7,350 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Stock Down 4.9%

Shares of RXO stock opened at $20.70 on Tuesday. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $23.37. The stock has a market cap of $3.41 billion, a P/E ratio of -33.93, a P/E/G ratio of 32.97 and a beta of 1.96. The stock has a 50 day moving average of $16.20 and a 200 day moving average of $15.05. 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 (NYSE:RXO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. As a group, sell-side analysts expect that Rxo Inc will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RXO. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Monday, February 9th. Stifel Nicolaus set a $15.00 target price on RXO in a research note on Thursday, February 5th. UBS Group boosted their price target on RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup increased their price objective on RXO from $17.00 to $24.00 and gave the company a “neutral” rating in a report on Friday. Finally, Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $19.54.

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.