Rxo Inc $RXO Shares Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC trimmed its RXO stake by 11.9% in Q4, selling 459,262 shares and ending the period with 3,406,743 shares (about 2.08% ownership) valued at $43.06 million.
• RXO reported Q4 EPS of ($0.07) versus consensus ($0.04) and revenue of $1.47 billion versus $1.50 billion expected, with revenue down 11.9% year‑over‑year, marking an earnings miss.
• Analysts' consensus is an average rating of "Hold" with an average price target of $16.07, based on 4 Buys, 10 Holds and 3 Sells.

Douglas Lane & Associates LLC lowered its holdings in Rxo Inc (NYSE:RXO - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,406,743 shares of the company's stock after selling 459,262 shares during the period. Douglas Lane & Associates LLC owned about 2.08% of RXO worth $43,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of RXO by 6.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company's stock worth $176,000 after purchasing an additional 654 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of RXO by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company's stock worth $345,000 after purchasing an additional 661 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of RXO by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company's stock worth $1,793,000 after purchasing an additional 700 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company's stock worth $49,000 after purchasing an additional 701 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of RXO by 17.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,359 shares of the company's stock worth $82,000 after purchasing an additional 783 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

RXO has been the topic of several recent research reports. Susquehanna lifted their price objective on shares of RXO from $10.00 to $11.00 and gave the stock a "negative" rating in a research note on Thursday, January 8th. Bank of America dropped their target price on shares of RXO from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 25th. Truist Financial lifted their target price on shares of RXO from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Zacks Research raised shares of RXO from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Stephens set a $15.00 target price on shares of RXO in a research report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, RXO currently has an average rating of "Hold" and an average price target of $16.07.

RXO Stock Performance

RXO stock opened at $16.04 on Friday. The firm's 50 day simple moving average is $14.75 and its 200-day simple moving average is $14.74. The company has a market cap of $2.64 billion, a P/E ratio of -27.66, a price-to-earnings-growth ratio of 21.39 and a beta of 1.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. Rxo Inc has a fifty-two week low of $10.43 and a fifty-two week high of $18.69.

RXO (NYSE:RXO - Get Free Report) last released its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business earned $0.06 earnings per share. The business's revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts predict that Rxo Inc will post 0.31 EPS for the current year.

About RXO

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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