Charles Schwab Investment Management Inc. cut its stake in shares of Rxo Inc (NYSE:RXO - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,093,420 shares of the company's stock after selling 51,613 shares during the period. Charles Schwab Investment Management Inc. owned 1.28% of RXO worth $39,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. Douglas Lane & Associates LLC grew its stake in RXO by 34.3% in the first quarter. Douglas Lane & Associates LLC now owns 3,591,040 shares of the company's stock worth $68,589,000 after purchasing an additional 916,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of RXO by 15.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,730,665 shares of the company's stock valued at $52,155,000 after purchasing an additional 355,255 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of RXO by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,024,887 shares of the company's stock valued at $48,275,000 after purchasing an additional 128,819 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of RXO by 14.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,954,407 shares of the company's stock valued at $46,593,000 after purchasing an additional 240,426 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in RXO by 24.8% in the 4th quarter. Wellington Management Group LLP now owns 1,952,884 shares of the company's stock worth $46,557,000 after acquiring an additional 387,766 shares during the last quarter. Institutional investors own 92.73% of the company's stock.
RXO Stock Performance
NYSE:RXO opened at $14.99 on Monday. The company has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $16.86. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -6.94, a price-to-earnings-growth ratio of 7.12 and a beta of 1.68. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Rxo Inc has a 52 week low of $12.19 and a 52 week high of $31.98.
RXO (NYSE:RXO - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $1.42 billion during 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 company's revenue was up 52.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, equities analysts anticipate that Rxo Inc will post 0.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on RXO. Wells Fargo & Company reduced their target price on RXO from $20.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus dropped their target price on RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on RXO from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded RXO from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Morgan Stanley lowered their target price on RXO from $23.00 to $21.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.93.
Check Out Our Latest Stock Report on RXO
RXO Company Profile
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Free Report)
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.
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