First Trust Advisors LP Makes New Investment in Rxo Inc $RXO

Key Points

• First Trust Advisors LP acquired 54,513 RXO shares in the first quarter, valued at approximately $797,000. Institutional investors collectively own 92.73% of the company.
• RXO reported quarterly earnings of $0.06 per share, beating estimates of $0.04, while revenue rose 25% year over year to $1.77 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $23.85; targets range from $17.50 to $30.00.

First Trust Advisors LP acquired a new stake in Rxo Inc (NYSE:RXO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 54,513 shares of the company's stock, valued at approximately $797,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in RXO during the 1st quarter valued at about $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in RXO during the first quarter worth about $29,000. Flagship Harbor Advisors LLC purchased a new stake in RXO during the fourth quarter worth about $25,000. Quarry LP acquired a new stake in shares of RXO during the third quarter worth about $33,000. Finally, Larson Financial Group LLC boosted its stake in shares of RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company's stock valued at $43,000 after purchasing an additional 1,644 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Price Performance

RXO stock opened at $21.29 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $25.99 and a 200-day simple moving average of $20.17. The stock has a market cap of $3.51 billion, a P/E ratio of -34.90 and a beta of 2.10. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $29.90.

RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.RXO's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. Equities analysts expect that Rxo Inc will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. William Blair set a $30.00 target price on shares of RXO in a research note on Friday. TD Cowen cut their price objective on RXO from $19.00 to $17.50 and set a "sell" rating on the stock in a research report on Friday. Citizens Jmp upgraded RXO from a "market perform" rating to an "outperform" rating and set a $30.00 price objective on the stock in a research note on Friday. Morgan Stanley reiterated an "equal weight" rating and issued a $22.00 target price (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 target price on RXO in a research note on Friday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $23.85.

RXO 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.

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