Motley Fool Asset Management LLC Boosts Holdings in RXO, Inc. (NYSE:RXO)

Motley Fool Asset Management LLC boosted its position in shares of RXO, Inc. (NYSE:RXO) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,963 shares of the company’s stock after buying an additional 4,305 shares during the quarter. Motley Fool Asset Management LLC owned 0.35% of RXO worth $9,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of RXO during the fourth quarter worth $27,000. Allspring Global Investments Holdings LLC raised its holdings in shares of RXO by 6,329.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,993 shares of the company’s stock valued at $39,000 after acquiring an additional 1,962 shares in the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of RXO in the third quarter valued at about $45,000. International Assets Investment Management LLC raised its holdings in shares of RXO by 2,008.5% in the fourth quarter. International Assets Investment Management LLC now owns 5,187 shares of the company’s stock valued at $121,000 after acquiring an additional 4,941 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of RXO by 65.6% in the third quarter. Nisa Investment Advisors LLC now owns 6,863 shares of the company’s stock valued at $135,000 after acquiring an additional 2,718 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RXO

In other news, major shareholder Mfn Partners, Lp acquired 919,720 shares of RXO stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $21.04 per share, with a total value of $19,350,908.80. Following the purchase, the insider now owns 14,675,369 shares in the company, valued at $308,769,763.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 2,589,717 shares of company stock valued at $52,524,072. 1.50% of the stock is owned by insiders.

RXO Price Performance

Shares of RXO stock traded up $0.50 during trading hours on Thursday, hitting $19.82. 719,586 shares of the company’s stock were exchanged, compared to its average volume of 652,907. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.33 billion, a P/E ratio of 495.62, a P/E/G ratio of 7.01 and a beta of 1.08. The firm has a 50 day moving average of $20.81 and a two-hundred day moving average of $20.87. RXO, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $24.33.

RXO (NYSE:RXO) last announced its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $978.00 million during the quarter, compared to the consensus estimate of $996.33 million. RXO had a return on equity of 6.11% and a net margin of 0.10%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Sell-side analysts forecast that RXO, Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RXO. Stifel Nicolaus boosted their target price on shares of RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Benchmark reiterated a “hold” rating on shares of RXO in a report on Friday, April 19th. Susquehanna boosted their target price on shares of RXO from $15.00 to $16.00 and gave the stock a “negative” rating in a report on Monday, March 25th. Bank of America downgraded shares of RXO from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $22.00 in a report on Thursday, February 8th. Finally, Vertical Research lowered RXO from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, RXO has a consensus rating of “Hold” and an average price target of $20.23.

RXO Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.