Vanguard Group Inc. Grows Stock Holdings in Rxo Inc $RXO

Vanguard Group Inc. grew its stake in shares of Rxo Inc (NYSE:RXO) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,216,681 shares of the company’s stock after acquiring an additional 233,434 shares during the period. Vanguard Group Inc. owned 10.50% of RXO worth $264,793,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Orbis Allan Gray Ltd lifted its holdings in RXO by 3.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company’s stock worth $493,218,000 after purchasing an additional 1,142,710 shares in the last quarter. State Street Corp lifted its holdings in shares of RXO by 1.5% in the second quarter. State Street Corp now owns 5,821,207 shares of the company’s stock worth $91,509,000 after buying an additional 85,405 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of RXO by 3.4% in the third quarter. Douglas Lane & Associates LLC now owns 3,866,005 shares of the company’s stock worth $59,459,000 after buying an additional 126,227 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of RXO by 4.0% in the second quarter. Geode Capital Management LLC now owns 3,611,478 shares of the company’s stock valued at $56,780,000 after acquiring an additional 139,999 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in RXO by 39.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,801,187 shares of the company’s stock worth $28,315,000 after acquiring an additional 511,036 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on RXO. Truist Financial raised their price target on shares of RXO from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 9th. Susquehanna boosted their target price on RXO from $10.00 to $11.00 and gave the stock a “negative” rating in a research report on Thursday, January 8th. Citigroup upped their target price on RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Monday, February 9th. Finally, UBS Group restated a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.33.

RXO Trading Up 2.5%

Shares of RXO stock opened at $15.96 on Friday. The business has a 50-day moving average price of $14.64 and a two-hundred day moving average price of $15.12. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $20.70. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.62 billion, a P/E ratio of -27.52, a price-to-earnings-growth ratio of 11.21 and a beta of 1.74.

RXO (NYSE:RXO) last announced 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). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. Equities analysts anticipate that Rxo Inc will post 0.31 EPS for the current fiscal year.

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.