Motley Fool Wealth Management LLC Sells 344,440 Shares of Rxo Inc $RXO

Motley Fool Wealth Management LLC lessened its holdings in shares of Rxo Inc (NYSE:RXO) by 83.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,090 shares of the company’s stock after selling 344,440 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in RXO were worth $835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised 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 valued at $475,000 after purchasing an additional 600 shares during the period. Jones Financial Companies Lllp raised 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 period. Oppenheimer & Co. Inc. raised its stake in RXO by 1.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock valued at $624,000 after purchasing an additional 724 shares during the period. ProShare Advisors LLC raised its stake in RXO by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock valued at $400,000 after purchasing an additional 972 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in RXO by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock valued at $1,648,000 after purchasing an additional 1,007 shares during the period. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

NYSE:RXO opened at $28.83 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $29.86. The stock’s 50 day simple moving average is $20.78 and its two-hundred day simple moving average is $16.58. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -47.27, a PEG ratio of 30.91 and a beta of 2.08.

RXO (NYSE:RXO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted ($0.03) EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group lifted their target price on RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Stifel Nicolaus raised RXO from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, May 15th. Truist Financial lifted their target price on RXO from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Bank of America decreased their target price on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Finally, Citigroup lifted their price objective on RXO from $17.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, RXO has an average rating of “Hold” and an average price target of $20.08.

About RXO

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.