SG Americas Securities LLC Grows Position in Rxo Inc $RXO

Key Points

• SG Americas Securities LLC increased its stake in RXO by 694.5% in Q4 to 321,844 shares (about 0.20% of the company) worth roughly $4.07 million, and institutional investors now own about 92.73% of RXO.
• RXO's latest quarter missed expectations with EPS of ($0.07) vs. consensus ($0.04) and revenue of $1.47B vs. $1.50B, as revenue fell 11.9% year‑over‑year and the company reported a negative net margin (-1.74%).
• Analysts have a consensus "Hold" rating and $16.07 target (mixed across firms: 4 Buy, 10 Hold, 4 Sell), with Bank of America recently cutting its price objective to $15.00.

SG Americas Securities LLC increased its holdings in Rxo Inc (NYSE:RXO - Free Report) by 694.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,844 shares of the company's stock after acquiring an additional 281,335 shares during the quarter. SG Americas Securities LLC owned approximately 0.20% of RXO worth $4,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new position in RXO in the first quarter valued at $30,000. Quarry LP acquired a new stake in shares of RXO during the third quarter worth about $33,000. Larson Financial Group LLC boosted its stake in shares of RXO by 146.5% during the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company's stock worth $43,000 after buying an additional 1,644 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of RXO by 27.0% during the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company's stock worth $49,000 after buying an additional 701 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of RXO by 141.6% during the third quarter. CWM LLC now owns 4,231 shares of the company's stock worth $65,000 after buying an additional 2,480 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Trading Down 0.9%

Shares of RXO opened at $14.95 on Friday. Rxo Inc has a twelve month low of $10.43 and a twelve month high of $18.69. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2.46 billion, a P/E ratio of -25.77, a PEG ratio of 11.94 and a beta of 1.65. The firm's 50-day moving average is $14.68 and its two-hundred day moving average is $14.79.

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

Analysts Set New Price Targets

RXO has been the subject of several analyst reports. Bank of America reduced their price objective on RXO from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, March 25th. Benchmark reaffirmed a "hold" rating on shares of RXO in a report on Monday, February 9th. TD Cowen reiterated a "hold" rating on shares of RXO in a research report on Friday, January 9th. UBS Group restated a "neutral" rating on shares of RXO in a research report on Sunday, February 8th. Finally, Truist Financial raised their target price on shares of RXO from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.07.

RXO Company 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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