Vanguard Group Inc. Raises Position in Rxo Inc $RXO

Vanguard Group Inc. raised its holdings in shares of Rxo Inc (NYSE:RXO) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,216,681 shares of the company’s stock after buying an additional 233,434 shares during the period. Vanguard Group Inc. owned about 0.10% of RXO worth $264,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in RXO by 11.8% in the third quarter. Principal Financial Group Inc. now owns 791,799 shares of the company’s stock valued at $12,178,000 after purchasing an additional 83,305 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new position in shares of RXO in the third quarter worth $4,026,000. Frontier Capital Management Co. LLC increased its stake in shares of RXO by 39.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock worth $28,315,000 after buying an additional 511,036 shares during the period. Russell Investments Group Ltd. raised its holdings in RXO by 67.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 191,318 shares of the company’s stock valued at $3,008,000 after buying an additional 76,965 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in RXO during the 2nd quarter valued at $5,611,000. Institutional investors own 92.73% of the company’s stock.

RXO Trading Up 2.5%

NYSE:RXO opened at $15.96 on Friday. The firm has a market capitalization of $2.62 billion, a P/E ratio of -27.52, a PEG ratio of 11.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. Rxo Inc has a one year low of $10.43 and a one year high of $20.70. The company’s 50-day simple moving average is $14.64 and its 200 day simple moving average is $15.12.

RXO (NYSE:RXO) last released its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $0.06 earnings per share. RXO’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, analysts forecast that Rxo Inc will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

RXO has been the topic of a number of analyst reports. UBS Group restated a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. Stephens set a $15.00 price target on RXO in a research note on Monday, February 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a research report on Monday, December 22nd. Truist Financial raised their target price on shares of RXO from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Susquehanna lifted their target price on shares of RXO from $10.00 to $11.00 and gave the company a “negative” rating in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.33.

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.