RXO (NYSE:RXO) Sees Strong Trading Volume – What’s Next?

Rxo Inc (NYSE:RXO) saw strong trading volume on Thursday . 5,421,311 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 2,252,557 shares.The stock last traded at $12.3680 and had previously closed at $16.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RXO shares. Truist Financial increased their price objective on shares of RXO from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Monday. Wall Street Zen cut RXO from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Citigroup upped their price objective on RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.33.

RXO Stock Down 20.5%

The firm’s 50 day simple moving average is $14.58 and its 200-day simple moving average is $15.16. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -22.40, a P/E/G ratio of 12.64 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 1.32.

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

Insider Activity at RXO

In other RXO news, Director Troy A. Cooper bought 8,317 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of $10.61 per share, with a total value of $88,243.37. Following the acquisition, the director directly owned 275,416 shares of the company’s stock, valued at $2,922,163.76. The trade was a 3.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its holdings in shares of RXO by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock worth $475,000 after buying an additional 600 shares during the last quarter. Yousif Capital Management LLC raised its stake in RXO by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock valued at $837,000 after acquiring an additional 631 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in RXO by 6.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock worth $176,000 after acquiring an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of RXO by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock valued at $345,000 after purchasing an additional 661 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of RXO by 0.6% in the third quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock valued at $1,793,000 after purchasing an additional 700 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.