RXO, Inc. (NYSE:RXO) Major Shareholder Mfn Partners, Lp Purchases 5,139 Shares

RXO, Inc. (NYSE:RXO) major shareholder Mfn Partners, Lp acquired 5,139 shares of RXO stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of $20.39 per share, for a total transaction of $104,784.21. Following the purchase, the insider now owns 15,593,694 shares in the company, valued at $317,955,420.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mfn Partners, Lp also recently made the following trade(s):

• On Tuesday, April 16th, Mfn Partners, Lp acquired 35,985 shares of RXO stock. The stock was purchased at an average cost of $20.22 per share, for a total transaction of $727,616.70.
• On Thursday, February 8th, Mfn Partners, Lp acquired 919,720 shares of RXO stock. The stock was purchased at an average cost of $21.04 per share, for a total transaction of $19,350,908.80.
• On Friday, February 2nd, Mfn Partners, Lp bought 747,424 shares of RXO stock. The stock was bought at an average price of $20.25 per share, with a total value of $15,135,336.00.

RXO Price Performance

Shares of RXO stock opened at $18.93 on Friday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 473.37, a P/E/G ratio of 6.77 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. RXO, Inc. has a twelve month low of $16.94 and a twelve month high of $24.33. The stock has a fifty day simple moving average of $20.97 and a two-hundred day simple moving average of $20.85.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm 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 business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. On average, analysts predict that RXO, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Douglas Lane & Associates LLC raised its position in shares of RXO by 10.7% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,579,390 shares of the company’s stock worth $59,997,000 after acquiring an additional 248,883 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in RXO by 65.6% in the third quarter. Nisa Investment Advisors LLC now owns 6,863 shares of the company’s stock valued at $135,000 after buying an additional 2,718 shares during the last quarter. Barclays PLC raised its stake in RXO by 299.9% in the third quarter. Barclays PLC now owns 270,766 shares of the company’s stock valued at $5,343,000 after buying an additional 203,052 shares during the last quarter. GSA Capital Partners LLP raised its stake in RXO by 325.2% in the third quarter. GSA Capital Partners LLP now owns 55,077 shares of the company’s stock valued at $1,087,000 after buying an additional 42,123 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its stake in RXO by 151.5% in the third quarter. Motley Fool Asset Management LLC now owns 403,658 shares of the company’s stock valued at $7,964,000 after buying an additional 243,137 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RXO. Oppenheimer dropped their price objective on RXO from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, February 13th. Vertical Research cut RXO from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Wednesday, January 10th. Susquehanna boosted their price objective on RXO from $15.00 to $16.00 and gave the company a “negative” rating in a report on Monday, March 25th. Bank of America cut RXO from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $22.00 in a report on Thursday, February 8th. Finally, TD Cowen upped their target price on RXO from $16.50 to $19.50 and gave the stock a “market perform” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.23.

About RXO

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.