Vanguard Group Inc. Sells 258,429 Shares of Rxo Inc $RXO

Vanguard Group Inc. trimmed its position in shares of Rxo Inc (NYSE:RXO - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,945,292 shares of the company's stock after selling 258,429 shares during the quarter. Vanguard Group Inc. owned 10.34% of RXO worth $323,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in RXO by 1,990.2% during the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company's stock worth $33,000 after buying an additional 1,632 shares during the period. CWM LLC boosted its stake in RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company's stock worth $36,000 after buying an additional 1,315 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in RXO by 52.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company's stock worth $52,000 after buying an additional 945 shares during the period. PNC Financial Services Group Inc. boosted its stake in RXO by 25.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,797 shares of the company's stock worth $130,000 after buying an additional 1,398 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of RXO by 37.2% during the fourth quarter. Mackenzie Financial Corp now owns 9,967 shares of the company's stock valued at $238,000 after purchasing an additional 2,700 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RXO has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of RXO from $23.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Wells Fargo & Company lowered their target price on shares of RXO from $20.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Susquehanna set a $12.00 target price on shares of RXO and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Bank of America boosted their target price on shares of RXO from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of RXO from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.93.

RXO Stock Up 15.0%

RXO stock traded up $2.2030 during trading hours on Friday, reaching $16.9030. The stock had a trading volume of 4,515,184 shares, compared to its average volume of 1,904,723. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -7.83, a PEG ratio of 6.99 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.35. The business's 50 day moving average price is $15.93 and its 200-day moving average price is $16.63. Rxo Inc has a 52 week low of $12.19 and a 52 week high of $31.98.

RXO (NYSE:RXO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. The firm's revenue was up 52.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. Sell-side analysts anticipate that Rxo Inc will post 0.31 EPS for the current year.

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.