Royce & Associates LP Invests $3.41 Million in Rxo Inc $RXO

Royce & Associates LP purchased a new position in shares of Rxo Inc (NYSE:RXO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 270,000 shares of the company’s stock, valued at approximately $3,413,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in RXO in the 1st quarter worth approximately $30,000. Flagship Harbor Advisors LLC bought a new position in RXO in the 4th quarter worth approximately $25,000. Quarry LP bought a new position in RXO in the 3rd quarter worth approximately $33,000. Larson Financial Group LLC grew its holdings in RXO by 146.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after buying an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock worth $49,000 after buying an additional 701 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Stock Performance

Shares of NYSE RXO opened at $25.52 on Friday. The stock has a fifty day moving average price of $18.56 and a two-hundred day moving average price of $15.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $4.21 billion, a P/E ratio of -41.84, a PEG ratio of 27.50 and a beta of 1.96. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $26.22.

RXO (NYSE:RXO) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $1.43 billion during 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 firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. Research analysts forecast that Rxo Inc will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RXO has been the subject of a number of recent analyst reports. TD Cowen increased their price objective on RXO from $14.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price objective (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Wells Fargo & Company increased their price objective on RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Bank of America decreased their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Susquehanna increased their price objective on RXO from $14.00 to $18.00 and gave the stock a “negative” rating in a report 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 company. According to data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and an average target price of $20.08.

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.