Motley Fool Asset Management LLC Trims Position in Rxo Inc (NYSE:RXO)

Key Points

• Motley Fool Asset Management LLC reduced its stake in RXO Inc by 42.9%, selling 176,637 shares and retaining approximately 235,542 shares, worth about $4.5 million.
• Institutional investors own 92.73% of RXO, with significant changes in stakes from firms like Douglas Lane & Associates LLC and JPMorgan Chase & Co. during the recent quarters.
• Wall Street analysts have mixed views on RXO, with target prices ranging from $14.00 to $18.00 and the stock receiving an average rating of "Hold" amid fluctuating price objectives.

Motley Fool Asset Management LLC decreased its stake in Rxo Inc (NYSE:RXO - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,542 shares of the company's stock after selling 176,637 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.14% of RXO worth $4,499,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of RXO by 52.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company's stock worth $52,000 after buying an additional 945 shares in the last quarter. CWM LLC boosted its holdings in shares of RXO by 234.4% in the 1st quarter. CWM LLC now owns 1,876 shares of the company's stock valued at $36,000 after buying an additional 1,315 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of RXO by 25.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,797 shares of the company's stock valued at $130,000 after buying an additional 1,398 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of RXO by 1,990.2% during the 1st quarter. Larson Financial Group LLC now owns 1,714 shares of the company's stock worth $33,000 after acquiring an additional 1,632 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in shares of RXO by 1.8% during the 1st quarter. New York State Teachers Retirement System now owns 115,904 shares of the company's stock worth $2,214,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Trading Up 2.8%

RXO stock traded up $0.42 during mid-day trading on Wednesday, reaching $15.54. The company had a trading volume of 2,367,253 shares, compared to its average volume of 1,753,433. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50 day moving average of $16.05 and a 200 day moving average of $17.14. Rxo Inc has a 12 month low of $12.19 and a 12 month high of $31.98. The company has a market capitalization of $2.55 billion, a PE ratio of -7.19, a price-to-earnings-growth ratio of 7.19 and a beta of 1.68.

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

Analyst Ratings Changes

RXO has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on RXO from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, July 8th. Susquehanna set a $12.00 price target on RXO and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Cowen restated a "hold" rating on shares of RXO in a research report on Friday, August 8th. Wall Street Zen upgraded RXO from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, UBS Group reiterated a "neutral" rating and issued a $15.00 price target (up previously from $14.00) on shares of RXO in a research report on Friday, August 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $17.93.

RXO Company 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.