D. E. Shaw & Co. Inc. Has $912,000 Stock Holdings in RXO, Inc. (NYSE:RXO)

D. E. Shaw & Co. Inc. decreased its stake in RXO, Inc. (NYSE:RXO) by 42.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,261 shares of the company’s stock after selling 27,864 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in RXO were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of RXO. Blue Trust Inc. grew its holdings in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after buying an additional 510 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after purchasing an additional 868 shares during the last quarter. KBC Group NV lifted its holdings in RXO by 41.2% during the 4th quarter. KBC Group NV now owns 5,727 shares of the company’s stock worth $137,000 after purchasing an additional 1,672 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in RXO in the 4th quarter valued at $267,000. Finally, Xponance Inc. raised its holdings in RXO by 29.6% in the 4th quarter. Xponance Inc. now owns 11,508 shares of the company’s stock valued at $274,000 after acquiring an additional 2,631 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Trading Down 1.0%

NYSE:RXO opened at $15.11 on Friday. RXO, Inc. has a 12 month low of $12.19 and a 12 month high of $32.82. The firm has a fifty day simple moving average of $15.47 and a 200-day simple moving average of $21.48. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.48 billion, a P/E ratio of -7.13, a PEG ratio of 4.55 and a beta of 1.71.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned ($0.03) EPS. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, equities research analysts anticipate that RXO, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on RXO from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price target on RXO from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Truist Financial lowered their price objective on RXO from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Bank of America upped their target price on RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Susquehanna decreased their target price on RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

RXO Company Profile

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.