40,509 Shares in Rxo Inc $RXO Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Rxo Inc (NYSE:RXO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,509 shares of the company’s stock, valued at approximately $623,000.

Several other hedge funds also recently modified their holdings of the company. Yousif Capital Management LLC grew its holdings 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 worth $837,000 after buying an additional 631 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in RXO by 1.8% during the second 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. Teacher Retirement System of Texas grew its stake in RXO by 5.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,154 shares of the company’s stock worth $254,000 after acquiring an additional 892 shares during the period. Thrivent Financial for Lutherans raised its holdings in RXO by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock valued at $1,648,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN raised its holdings in RXO by 0.6% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 189,980 shares of the company’s stock valued at $2,986,000 after acquiring an additional 1,154 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RXO has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on RXO from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Stifel Nicolaus increased their target price on RXO from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Zacks Research lowered RXO from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. TD Cowen reaffirmed a “hold” rating on shares of RXO in a research note on Friday, January 9th. Finally, Wolfe Research raised shares of RXO from an “underperform” rating to a “peer perform” rating in a research report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus target price of $16.14.

Insider Buying and Selling at RXO

In other RXO news, Director Troy A. Cooper acquired 8,317 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of $10.61 per share, for a total transaction of $88,243.37. Following the completion of the purchase, the director directly owned 275,416 shares in the company, valued at $2,922,163.76. This represents a 3.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas A. Szlosek acquired 20,308 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $12.37 per share, with a total value of $251,209.96. Following the transaction, the director directly owned 36,508 shares of the company’s stock, valued at approximately $451,603.96. This represents a 125.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 40,250 shares of company stock valued at $488,875 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

RXO Price Performance

RXO stock opened at $15.83 on Friday. The company has a market cap of $2.60 billion, a PE ratio of -36.81, a price-to-earnings-growth ratio of 7.59 and a beta of 1.74. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $13.59 and a two-hundred day moving average price of $15.28. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $26.92.

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

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.