SG Americas Securities LLC boosted its position in shares of Rxo Inc (NYSE:RXO - Free Report) by 251.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,761 shares of the company's stock after purchasing an additional 37,024 shares during the period. SG Americas Securities LLC's holdings in RXO were worth $989,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System raised its position in shares of RXO by 1.5% during the 4th quarter. New York State Teachers Retirement System now owns 113,904 shares of the company's stock valued at $2,715,000 after buying an additional 1,700 shares during the period. Blue Trust Inc. increased its stake in RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Rhumbline Advisers raised its position in RXO by 12.0% in the fourth quarter. Rhumbline Advisers now owns 408,867 shares of the company's stock valued at $9,747,000 after purchasing an additional 43,709 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of RXO by 14.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 76,556 shares of the company's stock valued at $1,825,000 after purchasing an additional 9,430 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of RXO by 5.2% in the 4th quarter. Principal Financial Group Inc. now owns 684,270 shares of the company's stock valued at $16,313,000 after purchasing an additional 34,048 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.
RXO Stock Up 2.4%
Shares of NYSE RXO traded up $0.36 during mid-day trading on Thursday, hitting $15.47. The company had a trading volume of 1,366,613 shares, compared to its average volume of 1,314,926. The company has a market capitalization of $2.54 billion, a PE ratio of -7.13, a price-to-earnings-growth ratio of 6.36 and a beta of 1.73. The business's 50-day simple moving average is $14.94 and its 200 day simple moving average is $19.84. Rxo Inc has a 1-year low of $12.19 and a 1-year high of $32.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 1.30.
RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.51 billion. RXO had a negative net margin of 5.94% and a positive return on equity of 1.18%. RXO's revenue for the quarter was up 57.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. On average, analysts predict that Rxo Inc will post 0.31 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Citigroup reaffirmed a "neutral" rating and issued a $18.00 target price (up previously from $15.00) on shares of RXO in a research report on Wednesday, May 21st. Wells Fargo & Company decreased their price objective on shares of RXO from $20.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus lowered their price objective on shares of RXO from $24.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Susquehanna dropped their target price on shares of RXO from $18.00 to $13.00 and set a "negative" rating for the company in a report on Wednesday, March 26th. Finally, UBS Group decreased their price target on RXO from $24.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, RXO presently has a consensus rating of "Hold" and a consensus target price of $20.00.
Read Our Latest Stock Analysis on RXO
About RXO
(
Free Report)
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.
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