Motley Fool Asset Management LLC Boosts Stake in RXO, Inc. (NYSE:RXO)

Motley Fool Asset Management LLC lifted its stake in RXO, Inc. (NYSE:RXO) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,963 shares of the company’s stock after buying an additional 4,305 shares during the period. Motley Fool Asset Management LLC’s holdings in RXO were worth $9,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in RXO in the fourth quarter valued at about $27,000. Allspring Global Investments Holdings LLC raised its stake in RXO by 6,329.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,993 shares of the company’s stock valued at $39,000 after buying an additional 1,962 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in RXO during the third quarter valued at approximately $45,000. International Assets Investment Management LLC raised its stake in RXO by 2,008.5% during the fourth quarter. International Assets Investment Management LLC now owns 5,187 shares of the company’s stock valued at $121,000 after buying an additional 4,941 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new stake in RXO during the fourth quarter valued at approximately $154,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Activity

In other news, major shareholder Mfn Partners, Lp acquired 11,449 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of $19.48 per share, for a total transaction of $223,026.52. Following the completion of the acquisition, the insider now owns 16,886,818 shares in the company, valued at $328,955,214.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 2,589,717 shares of company stock worth $52,524,072 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

RXO Price Performance

NYSE RXO traded up $0.50 on Thursday, reaching $19.82. 719,586 shares of the stock traded hands, compared to its average volume of 652,907. The firm’s fifty day simple moving average is $20.81 and its 200 day simple moving average is $20.87. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 495.62, a P/E/G ratio of 7.01 and a beta of 1.08. RXO, Inc. has a 12 month low of $16.94 and a 12 month high of $24.33.

RXO (NYSE:RXO) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $978.00 million during the quarter, compared to analyst estimates of $996.33 million. RXO had a return on equity of 6.11% and a net margin of 0.10%. The company’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. As a group, research analysts predict that RXO, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RXO has been the topic of several research reports. Oppenheimer cut their price objective on RXO from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 13th. Stifel Nicolaus increased their price target on RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Friday, April 19th. TD Cowen increased their price target on RXO from $16.50 to $19.50 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Finally, Vertical Research cut RXO from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.23.

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.