Vaughan Nelson Investment Management L.P. Buys Shares of 888,005 Rxo Inc $RXO

Key Points

• Vaughan Nelson Investment Management opened a new position of 888,005 shares in RXO valued at about $11.2 million, representing roughly 0.54% of the company at quarter-end, while institutional investors collectively own 92.73% of the stock.
• RXO missed fourth-quarter estimates with EPS of ($0.07) (vs. ($0.04) expected) and revenue of $1.47 billion, down 11.9% year-over-year; the stock trades near $14.62 and carries an average analyst rating of "Hold" with an average target of $16.07 amid mixed buy/hold/sell recommendations.

Vaughan Nelson Investment Management L.P. purchased a new position in shares of Rxo Inc (NYSE:RXO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 888,005 shares of the company's stock, valued at approximately $11,224,000. Vaughan Nelson Investment Management L.P. owned approximately 0.54% of RXO at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in RXO by 6.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company's stock worth $176,000 after acquiring an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of RXO by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company's stock valued at $345,000 after purchasing an additional 661 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of RXO by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company's stock valued at $1,793,000 after purchasing an additional 700 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company's stock worth $49,000 after purchasing an additional 701 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of RXO by 17.1% during the third quarter. Nisa Investment Advisors LLC now owns 5,359 shares of the company's stock valued at $82,000 after purchasing an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Price Performance

NYSE RXO opened at $14.62 on Wednesday. The firm's fifty day simple moving average is $14.71 and its two-hundred day simple moving average is $14.79. The firm has a market capitalization of $2.40 billion, a P/E ratio of -25.21, a P/E/G ratio of 10.91 and a beta of 1.67. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $19.65.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings data on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the company posted $0.06 EPS. The business's revenue for the quarter was down 11.9% on a year-over-year basis. Analysts forecast that Rxo Inc will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RXO has been the subject of a number of recent research reports. Stifel Nicolaus set a $15.00 price objective on shares of RXO in a research note on Thursday, February 5th. Barclays lifted their price target on RXO from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, March 4th. Stephens set a $15.00 price target on RXO in a research report on Monday, February 9th. TD Cowen reaffirmed a "hold" rating on shares of RXO in a research report on Friday, January 9th. Finally, Susquehanna lifted their target price on RXO from $10.00 to $11.00 and gave the company a "negative" rating in a research note on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, RXO has an average rating of "Hold" and an average target price of $16.07.

RXO Company Profile

RXO Inc NYSE: RXO is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.

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