Rxo Inc $RXO Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Rxo Inc (NYSE:RXO – Free Report) by 52.4% in the first quarter, HoldingsChannel reports. The firm owned 80,187 shares of the company’s stock after acquiring an additional 27,573 shares during the quarter. Quantinno Capital Management LP’s holdings in RXO were worth $1,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RXO. Oregon Public Employees Retirement Fund increased its holdings in RXO by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock worth $475,000 after purchasing an additional 600 shares during the period. Public Employees Retirement System of Ohio raised its position in RXO by 18.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company’s stock valued at $61,000 after purchasing an additional 649 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of RXO by 1.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 49,406 shares of the company’s stock valued at $624,000 after buying an additional 724 shares during the period. ProShare Advisors LLC boosted its stake in shares of RXO by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock valued at $400,000 after buying an additional 972 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of RXO by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock worth $1,648,000 after buying an additional 1,007 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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RXO Trading Up 0.5%

RXO opened at $23.43 on Friday. Rxo Inc has a one year low of $10.43 and a one year high of $29.90. The company has a market cap of $3.86 billion, a P/E ratio of -38.40 and a beta of 2.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.27 and a current ratio of 1.27. The business’s 50-day simple moving average is $25.64 and its 200-day simple moving average is $20.34.

RXO (NYSE:RXO – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. As a group, equities research analysts expect that Rxo Inc will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. TD Cowen lowered their price target on shares of RXO from $19.00 to $17.50 and set a “sell” rating for the company in a report on Friday, August 7th. Citigroup raised shares of RXO from a “market perform” rating to an “outperform” rating in a research report on Friday, August 7th. Stifel Nicolaus set a $31.00 price objective on shares of RXO in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of RXO from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, RXO presently has an average rating of “Hold” and an average target price of $23.85.

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About RXO

(Free Report)

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.

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