Universal Beteiligungs und Servicegesellschaft mbH Sells 48,191 Shares of Rxo Inc (NYSE:RXO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in RXO Inc by 30.7%, owning 0.07% of the company worth approximately $2.07 million after selling 48,191 shares.
• RXO's earnings report indicated a miss on earnings per share at ($0.03), falling short of estimates, with revenue at $1.43 billion compared to the consensus of $1.51 billion.
• Recent analyst ratings show a range of positions on RXO, with Stifel Nicolaus lowering their target price to $14 and a consensus price target of $18.87 from various analysts.

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Rxo Inc (NYSE:RXO - Free Report) by 30.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,590 shares of the company's stock after selling 48,191 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of RXO worth $2,074,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of RXO by 13.2% in the fourth quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company's stock worth $410,137,000 after buying an additional 2,009,937 shares during the last quarter. Norges Bank acquired a new stake in shares of RXO in the fourth quarter worth about $28,342,000. Franklin Resources Inc. lifted its position in shares of RXO by 122.6% in the fourth quarter. Franklin Resources Inc. now owns 1,676,628 shares of the company's stock worth $39,971,000 after buying an additional 923,307 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of RXO by 34.3% in the first quarter. Douglas Lane & Associates LLC now owns 3,591,040 shares of the company's stock worth $68,589,000 after buying an additional 916,379 shares during the last quarter. Finally, FIL Ltd lifted its position in shares of RXO by 10.4% during the 4th quarter. FIL Ltd now owns 6,327,889 shares of the company's stock worth $150,857,000 after purchasing an additional 596,158 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RXO. Stifel Nicolaus cut their price objective on RXO from $24.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Susquehanna set a $12.00 price objective on RXO and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Bank of America boosted their price objective on RXO from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Truist Financial lowered their price target on RXO from $24.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Jefferies Financial Group lowered their price target on RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, RXO currently has an average rating of "Hold" and an average price target of $18.87.

RXO Price Performance

NYSE RXO traded up $0.28 during trading hours on Monday, reaching $15.28. 1,142,101 shares of the company's stock were exchanged, compared to its average volume of 1,589,402. The stock has a market cap of $2.50 billion, a PE ratio of -7.04, a price-to-earnings-growth ratio of 7.42 and a beta of 1.68. Rxo Inc has a one year low of $12.19 and a one year high of $31.98. The firm has a fifty day moving average of $16.14 and a 200-day moving average of $17.62. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.24.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.51 billion. RXO had a positive return on equity of 1.18% and a negative net margin of 5.94%. The firm's revenue was up 57.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. On average, equities research analysts predict that Rxo Inc will post 0.31 earnings per share for the current fiscal year.

About RXO

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.