Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in 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 cut its position in shares of Rxo Inc (NYSE:RXO - Free Report) by 30.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,590 shares of the company's stock after selling 48,191 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of RXO worth $2,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of RXO by 3.4% during the first quarter. Principal Financial Group Inc. now owns 707,430 shares of the company's stock valued at $13,512,000 after purchasing an additional 23,160 shares in the last quarter. Raymond James Financial Inc. bought a new position in RXO during the 4th quarter valued at approximately $1,588,000. JPMorgan Chase & Co. increased its position in RXO by 111.5% during the 4th quarter. JPMorgan Chase & Co. now owns 575,286 shares of the company's stock valued at $13,715,000 after buying an additional 303,224 shares in the last quarter. New York State Teachers Retirement System increased its position in RXO by 1.8% during the 1st quarter. New York State Teachers Retirement System now owns 115,904 shares of the company's stock valued at $2,214,000 after buying an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in RXO by 1,728.8% during the 1st quarter. GAMMA Investing LLC now owns 36,997 shares of the company's stock valued at $707,000 after buying an additional 34,974 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley reduced their price objective on RXO from $23.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Bank of America lifted their target price on RXO from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. UBS Group reduced their target price on RXO from $24.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on RXO from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday, July 8th. Finally, Truist Financial reduced their target price on RXO from $24.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $18.87.

RXO Stock Performance

NYSE:RXO traded down $0.46 during mid-day trading on Friday, hitting $14.99. 2,359,377 shares of the company traded hands, compared to its average volume of 1,420,021. The stock's fifty day moving average price is $16.14 and its 200-day moving average price is $17.72. Rxo Inc has a one year low of $12.19 and a one year high of $31.98. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -6.91, a price-to-earnings-growth ratio of 7.65 and a beta of 1.68.

RXO (NYSE:RXO - Get Free Report) last released its 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). RXO had a positive return on equity of 1.18% and a negative net margin of 5.94%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business posted ($0.03) EPS. RXO's revenue was up 57.0% on a year-over-year basis. Research analysts anticipate that Rxo Inc will post 0.31 earnings per share for the current fiscal year.

RXO Company 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.