International Assets Investment Management LLC Buys 6,021 Shares of RXO, Inc. (NYSE:RXO)

International Assets Investment Management LLC grew its position in RXO, Inc. (NYSE:RXO) by 2,700.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,244 shares of the company’s stock after purchasing an additional 6,021 shares during the period. International Assets Investment Management LLC’s holdings in RXO were worth $175,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GSA Capital Partners LLP boosted its position in RXO by 433.8% in the first quarter. GSA Capital Partners LLP now owns 56,002 shares of the company’s stock valued at $1,225,000 after buying an additional 45,510 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of RXO in the 1st quarter worth approximately $542,000. Boston Partners grew its position in RXO by 150.0% during the 1st quarter. Boston Partners now owns 42,526 shares of the company’s stock worth $930,000 after acquiring an additional 25,519 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in RXO by 225.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company’s stock valued at $2,380,000 after purchasing an additional 75,395 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in RXO by 1,459.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock valued at $42,574,000 after purchasing an additional 1,523,650 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RXO. Citigroup started coverage on RXO in a report on Wednesday, October 9th. They set a “buy” rating and a $33.00 target price on the stock. Jefferies Financial Group decreased their price objective on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark restated a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Morgan Stanley upped their target price on shares of RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Oppenheimer reissued an “outperform” rating and issued a $31.00 price target on shares of RXO in a report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.23.

RXO Stock Up 13.1 %

NYSE:RXO opened at $31.90 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. RXO, Inc. has a 12-month low of $17.17 and a 12-month high of $32.82. The stock’s fifty day simple moving average is $27.74 and its 200-day simple moving average is $25.61. The firm has a market capitalization of $5.13 billion, a P/E ratio of -177.21, a P/E/G ratio of 11.54 and a beta of 1.33.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $930.00 million for the quarter, compared to analysts’ expectations of $934.14 million. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. Equities research analysts expect that RXO, Inc. will post 0.16 earnings per share for the current year.

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.