New Age Alpha Advisors LLC Makes New Investment in Rxo Inc $RXO

New Age Alpha Advisors LLC acquired a new position in shares of Rxo Inc (NYSE:RXO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 297,957 shares of the company’s stock, valued at approximately $3,766,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in RXO during the 4th quarter worth $25,000. Geneos Wealth Management Inc. purchased a new position in RXO during the 1st quarter worth $30,000. Quarry LP purchased a new position in RXO during the 3rd quarter worth $33,000. Larson Financial Group LLC grew its position in RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in RXO by 27.0% during 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 last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Benchmark reissued a “hold” rating on shares of RXO in a research report on Monday, February 9th. Wall Street Zen raised shares of RXO from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus raised shares of RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Friday, May 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $18.00 target price on shares of RXO in a report on Friday, May 8th. Finally, UBS Group lifted their target price on shares of RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RXO presently has a consensus rating of “Hold” and a consensus target price of $20.08.

RXO Stock Up 0.5%

Shares of NYSE:RXO opened at $24.49 on Tuesday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -40.15, a PEG ratio of 25.87 and a beta of 1.96. The firm’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $15.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. Rxo Inc has a fifty-two week low of $10.43 and a fifty-two week high of $25.03.

RXO (NYSE:RXO) last issued its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. As a group, equities research analysts predict that Rxo Inc will post 0.06 earnings per share for the current year.

About RXO

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.