Deutsche Bank AG Sells 7,525 Shares of Rxo Inc $RXO

Deutsche Bank AG cut its position in Rxo Inc (NYSE:RXO) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,909 shares of the company’s stock after selling 7,525 shares during the quarter. Deutsche Bank AG owned 0.08% of RXO worth $2,500,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of RXO by 3.4% in the first quarter. Principal Financial Group Inc. now owns 707,430 shares of the company’s stock valued at $13,512,000 after buying an additional 23,160 shares during the period. New York State Teachers Retirement System grew its holdings in RXO by 1.8% during the 1st quarter. New York State Teachers Retirement System now owns 115,904 shares of the company’s stock worth $2,214,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC increased its position in RXO by 1,728.8% in the 1st quarter. GAMMA Investing LLC now owns 36,997 shares of the company’s stock valued at $707,000 after acquiring an additional 34,974 shares during the period. SG Americas Securities LLC raised its stake in shares of RXO by 251.2% during the first quarter. SG Americas Securities LLC now owns 51,761 shares of the company’s stock valued at $989,000 after acquiring an additional 37,024 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of RXO during the fourth quarter worth $3,738,000. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Trading Up 2.6%

NYSE RXO opened at $15.2730 on Wednesday. The stock has a market capitalization of $2.50 billion, a P/E ratio of -7.07, a P/E/G ratio of 7.08 and a beta of 1.68. The business has a 50 day simple moving average of $15.96 and a 200 day simple moving average of $16.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.35. Rxo Inc has a one year low of $12.19 and a one year high of $31.98.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. RXO had a positive return on equity of 1.18% and a negative net margin of 5.45%.The company’s revenue for the quarter was up 52.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. Research analysts expect that Rxo Inc will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RXO has been the subject of a number of recent research reports. Bank of America increased their price objective on RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Truist Financial reduced their price target on RXO from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Susquehanna set a $12.00 price objective on RXO and gave the stock a “neutral” rating in a research report on Tuesday, June 24th. UBS Group reaffirmed a “neutral” rating and issued a $15.00 price objective (up from $14.00) on shares of RXO in a research note on Friday, August 8th. Finally, Barclays decreased their target price on shares of RXO from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.93.

RXO 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.