Emerald Mutual Fund Advisers Trust Takes Position in Rxo Inc $RXO

Emerald Mutual Fund Advisers Trust purchased a new position in shares of Rxo Inc (NYSE:RXO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 275,932 shares of the company’s stock, valued at approximately $4,034,000.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its stake in RXO by 14.3% in the 1st quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock valued at $444,000 after purchasing an additional 2,902 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in RXO by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock valued at $1,813,000 after purchasing an additional 4,134 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in RXO in the first quarter valued at $30,000. Strs Ohio purchased a new position in shares of RXO in the first quarter valued at $97,000. Finally, Quantbot Technologies LP purchased a new position in shares of RXO in the second quarter valued at $245,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price target (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. Stifel Nicolaus increased their price objective on shares of RXO from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets began coverage on shares of RXO in a report on Monday. They set an “outperform” rating and a $35.00 target price for the company. Wells Fargo & Company lifted their target price on shares of RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Stephens upgraded shares of RXO to a “hold” rating in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and an average target price of $23.00.

RXO Price Performance

Shares of NYSE:RXO opened at $27.09 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The business’s fifty day moving average price is $25.08 and its two-hundred day moving average price is $18.67. The stock has a market cap of $4.47 billion, a PE ratio of -44.42 and a beta of 2.03. Rxo Inc has a one year low of $10.43 and a one year high of $29.86.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts forecast that Rxo Inc will post 0.08 EPS for the current fiscal 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.