Vaughan Nelson Investment Management L.P. Makes New $11.22 Million Investment in Rxo Inc $RXO

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Rxo Inc (NYSE:RXO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 888,005 shares of the company’s stock, valued at approximately $11,224,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RXO. Geneos Wealth Management Inc. purchased a new stake in shares of RXO during the first quarter valued at $30,000. Quarry LP acquired a new stake in RXO during the 3rd quarter worth about $33,000. Larson Financial Group LLC grew its stake in RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. Jones Financial Companies Lllp grew its stake in RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of RXO by 141.6% in the third quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $65,000 after purchasing an additional 2,480 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RXO. Susquehanna raised their price objective on RXO from $10.00 to $11.00 and gave the stock a “negative” rating in a research note on Thursday, January 8th. UBS Group reiterated a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. Barclays raised their price target on shares of RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. TD Cowen restated a “hold” rating on shares of RXO in a research note on Friday, January 9th. Finally, Citigroup upped their price objective on shares of RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.07.

RXO Stock Up 6.3%

RXO stock opened at $14.62 on Wednesday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -25.21, a price-to-earnings-growth ratio of 10.91 and a beta of 1.67. Rxo Inc has a 52 week low of $10.43 and a 52 week high of $19.65. The business’s 50-day moving average price is $14.71 and its 200 day moving average price is $14.79. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

RXO (NYSE:RXO) last announced its quarterly earnings results on Friday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rxo Inc will post 0.31 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.