EFG Asset Management North America Corp. Grows Stock Position in Rxo Inc $RXO

EFG Asset Management North America Corp. increased its position in Rxo Inc (NYSE:RXO) by 42.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 205,089 shares of the company’s stock after acquiring an additional 61,162 shares during the quarter. EFG Asset Management North America Corp. owned about 0.13% of RXO worth $3,155,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Yousif Capital Management LLC increased its position in shares of RXO by 1.2% during the second quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock valued at $837,000 after buying an additional 631 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in RXO by 6.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock valued at $176,000 after buying an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in RXO by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock worth $345,000 after buying an additional 661 shares in the last quarter. New York State Teachers Retirement System increased its stake in RXO by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock worth $1,793,000 after acquiring an additional 700 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in RXO by 1.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 41,910 shares of the company’s stock worth $659,000 after acquiring an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Trading Down 4.0%

NYSE RXO opened at $14.50 on Wednesday. The stock has a 50-day moving average of $13.85 and a 200-day moving average of $15.21. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $26.92. The firm has a market cap of $2.38 billion, a PE ratio of -33.71, a price-to-earnings-growth ratio of 7.38 and a beta of 1.74.

RXO (NYSE:RXO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.RXO’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. As a group, sell-side analysts forecast that Rxo Inc will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays dropped their price target on RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a research report on Monday, December 22nd. TD Cowen reissued a “hold” rating on shares of RXO in a report on Friday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of RXO from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, October 8th. Finally, Benchmark reissued a “hold” rating on shares of RXO in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, RXO has a consensus rating of “Hold” and an average price target of $16.14.

Insiders Place Their Bets

In other RXO news, CEO Andrew M. Wilkerson bought 7,775 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $12.88 per share, with a total value of $100,142.00. Following the completion of the purchase, the chief executive officer directly owned 7,775 shares of the company’s stock, valued at $100,142. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Troy A. Cooper purchased 8,317 shares of the stock in a transaction on Thursday, November 20th. The shares were acquired at an average cost of $10.61 per share, with a total value of $88,243.37. Following the transaction, the director directly owned 275,416 shares in the company, valued at $2,922,163.76. The trade was a 3.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 40,250 shares of company stock valued at $488,875 in the last quarter. Insiders own 1.48% of the company’s stock.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.