Rxo Inc $RXO Shares Purchased by Rialto Wealth Management LLC

Rialto Wealth Management LLC increased its position in Rxo Inc (NYSE:RXO) by 144.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,386 shares of the company’s stock after acquiring an additional 16,200 shares during the period. Rialto Wealth Management LLC’s holdings in RXO were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in RXO during the 1st quarter valued at about $30,000. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 1,632 shares during the period. AlphaQuest LLC purchased a new stake in RXO in the second quarter valued at approximately $29,000. CWM LLC increased its holdings in RXO by 234.4% in the 1st 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. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in RXO by 25.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock worth $54,000 after buying an additional 688 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on RXO shares. Benchmark restated a “hold” rating on shares of RXO in a research note on Wednesday, October 22nd. UBS Group decreased their price objective on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Susquehanna decreased their target price on shares of RXO from $11.00 to $10.00 and set a “negative” rating for the company in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of RXO from a “hold” rating to a “sell” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, RXO currently has a consensus rating of “Hold” and a consensus price target of $16.85.

RXO Stock Performance

NYSE RXO opened at $12.47 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $16.70 and its 200-day simple moving average is $16.02. The company has a market cap of $2.04 billion, a PE ratio of -28.99, a price-to-earnings-growth ratio of 8.53 and a beta of 1.67. Rxo Inc has a 1-year low of $12.16 and a 1-year high of $31.11.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. As a group, equities research analysts anticipate that Rxo Inc will post 0.31 EPS 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.