Rxo Inc (NYSE:RXO) Shares Sold by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Rxo Inc by 8.9%, selling 50,757 shares in the first quarter, now owning 518,389 shares valued at approximately $9.9 million.
• Other institutional investors have also altered their positions in RXO, with Principal Financial Group Inc. increasing its holdings by 3.4% and GAMMA Investing LLC boosting theirs by a remarkable 1,728.8% during the same period.
• RXO reported earnings of $0.04 per share for the last quarter, surpassing expectations, despite a negative net margin of 5.45% and a revenue of $1.42 billion that fell short of analyst estimates.

Motley Fool Wealth Management LLC trimmed its stake in shares of Rxo Inc (NYSE:RXO - Free Report) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,389 shares of the company's stock after selling 50,757 shares during the quarter. Motley Fool Wealth Management LLC owned 0.32% of RXO worth $9,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Douglas Lane & Associates LLC grew its stake in RXO by 34.3% during the 1st 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. grew its stake in 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 worth $52,155,000 after purchasing an additional 355,255 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in RXO by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,024,887 shares of the company's stock valued at $48,275,000 after buying an additional 128,819 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in RXO by 14.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,954,407 shares of the company's stock valued at $46,593,000 after buying an additional 240,426 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in RXO by 24.8% in the fourth quarter. Wellington Management Group LLP now owns 1,952,884 shares of the company's stock valued at $46,557,000 after buying an additional 387,766 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Stock Performance

NYSE RXO traded up $0.88 during trading hours on Tuesday, hitting $15.13. The company had a trading volume of 1,707,045 shares, compared to its average volume of 1,747,516. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $2.48 billion, a PE ratio of -7.00, a price-to-earnings-growth ratio of 6.78 and a beta of 1.68. Rxo Inc has a 1-year low of $12.19 and a 1-year high of $31.98. The business has a 50 day moving average of $16.06 and a 200-day moving average of $17.15.

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, beating analysts' consensus estimates of $0.02 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. RXO's quarterly revenue was up 52.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, equities research analysts expect that Rxo Inc will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays cut their price target on RXO from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday. Morgan Stanley cut their price target on RXO from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Wall Street Zen upgraded RXO from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group restated a "neutral" rating and issued a $15.00 price target (up from $14.00) on shares of RXO in a research note on Friday. Finally, Bank of America raised their price target on RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. 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 stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.