Rxo Inc $RXO Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Rxo Inc (NYSE:RXO) by 87.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,527 shares of the company’s stock after buying an additional 44,001 shares during the quarter. Intech Investment Management LLC owned 0.06% of RXO worth $1,805,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of RXO by 1,990.2% during the 1st quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock valued at $33,000 after acquiring an additional 1,632 shares during the last quarter. CWM LLC raised its position in shares of RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company’s stock worth $36,000 after purchasing an additional 1,315 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of RXO by 52.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company’s stock valued at $52,000 after purchasing an additional 945 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of RXO in the 1st quarter valued at $97,000. Finally, PNC Financial Services Group Inc. increased its stake in RXO by 25.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,797 shares of the company’s stock worth $130,000 after purchasing an additional 1,398 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Stock Up 2.8%

RXO stock opened at $17.48 on Wednesday. The firm has a market cap of $2.87 billion, a PE ratio of -8.09, a PEG ratio of 8.12 and a beta of 1.69. Rxo Inc has a 1 year low of $12.19 and a 1 year high of $31.98. The company has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $16.10. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

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

Analyst Ratings Changes

RXO has been the subject of a number of analyst reports. Citigroup reaffirmed a “neutral” rating and set a $18.00 price objective (up from $15.00) on shares of RXO in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target on shares of RXO from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Tuesday, July 8th. Cowen reaffirmed a “hold” rating on shares of RXO in a research note on Friday, August 8th. Barclays cut their target price on shares of RXO from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Finally, Susquehanna set a $12.00 target price on RXO and gave the company a “neutral” rating in a report on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.92.

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.