Aperture Investors LLC Lowers Holdings in Rxo Inc $RXO

Key Points

• Aperture Investors LLC reduced its stake in Rxo Inc by 66.9% during the first quarter, selling 201,523 shares and retaining only 99,561 shares valued at $1,902,000.
• Other institutional investors also adjusted their positions in RXO, with 92.73% of the stock currently owned by hedge funds and institutional investors.
• RXO reported earnings of $0.04 per share for the last quarter, exceeding analysts' estimates, with revenue rising 52.6% compared to the same quarter last year.

Aperture Investors LLC reduced its holdings in shares of Rxo Inc (NYSE:RXO - Free Report) by 66.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,561 shares of the company's stock after selling 201,523 shares during the period. Aperture Investors LLC owned 0.06% of RXO worth $1,902,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of RXO by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 707,430 shares of the company's stock worth $13,512,000 after buying an additional 23,160 shares during the last quarter. New York State Teachers Retirement System increased its stake in RXO by 1.8% in the first quarter. New York State Teachers Retirement System now owns 115,904 shares of the company's stock valued at $2,214,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC boosted its position in RXO by 1,728.8% during the first quarter. GAMMA Investing LLC now owns 36,997 shares of the company's stock valued at $707,000 after buying an additional 34,974 shares during the period. SG Americas Securities LLC boosted its position in RXO by 251.2% during the first quarter. SG Americas Securities LLC now owns 51,761 shares of the company's stock valued at $989,000 after buying an additional 37,024 shares during the period. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of RXO during the first quarter worth about $56,693,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Susquehanna set a $12.00 target price on shares of RXO and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Bank of America lifted their target price on shares of RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of RXO from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company reduced their price target on shares of RXO from $20.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Citigroup restated a "neutral" rating and issued a $18.00 target price (up from $15.00) on shares of RXO in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.93.

RXO Stock Performance

RXO stock traded down $0.11 during mid-day trading on Wednesday, reaching $16.00. 655,088 shares of the company traded hands, compared to its average volume of 1,638,147. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -7.42, a price-to-earnings-growth ratio of 7.79 and a beta of 1.69. Rxo Inc has a fifty-two week low of $12.19 and a fifty-two week high of $31.98. The firm's fifty day moving average is $16.04 and its two-hundred day moving average is $16.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.35.

RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. The firm's quarterly revenue was up 52.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, equities research analysts expect that Rxo Inc will post 0.31 earnings per share for the current fiscal year.

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.