Squarepoint Ops LLC Invests $1.49 Million in RXO, Inc. (NYSE:RXO)

Squarepoint Ops LLC acquired a new stake in RXO, Inc. (NYSE:RXO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 62,614 shares of the company's stock, valued at approximately $1,493,000.

A number of other institutional investors have also recently made changes to their positions in RXO. Oregon Public Employees Retirement Fund raised its holdings in RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock valued at $783,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 510 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in RXO by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock valued at $712,000 after buying an additional 518 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock worth $505,000 after purchasing an additional 551 shares during the period. Finally, Maryland State Retirement & Pension System grew its holdings in shares of RXO by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 47,110 shares of the company's stock worth $1,123,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Up 0.9%

RXO traded up $0.15 during trading hours on Wednesday, reaching $16.04. 1,553,522 shares of the stock traded hands, compared to its average volume of 1,283,258. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. The firm's fifty day simple moving average is $14.93 and its two-hundred day simple moving average is $20.75. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -7.57, a PEG ratio of 4.55 and a beta of 1.71. RXO, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $32.82.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.51 billion. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The firm's quarterly revenue was up 57.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS. As a group, analysts forecast that RXO, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of RXO from $24.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of RXO from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Susquehanna decreased their price target on shares of RXO from $18.00 to $13.00 and set a "negative" rating on the stock in a research note on Wednesday, March 26th. Citigroup reaffirmed a "neutral" rating and issued a $18.00 price objective (up previously from $15.00) on shares of RXO in a research report on Wednesday, May 21st. Finally, Truist Financial cut their price target on shares of RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.00.

RXO 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.