International Assets Investment Management LLC Acquires 4,941 Shares of RXO, Inc. (NYSE:RXO)

International Assets Investment Management LLC raised its holdings in shares of RXO, Inc. (NYSE:RXO) by 2,008.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,187 shares of the company’s stock after purchasing an additional 4,941 shares during the period. International Assets Investment Management LLC’s holdings in RXO were worth $121,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Douglas Lane & Associates LLC boosted its holdings in RXO by 10.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,579,390 shares of the company’s stock valued at $59,997,000 after acquiring an additional 248,883 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in RXO by 65.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,863 shares of the company’s stock valued at $135,000 after purchasing an additional 2,718 shares during the last quarter. Barclays PLC increased its holdings in RXO by 299.9% in the 3rd quarter. Barclays PLC now owns 270,766 shares of the company’s stock worth $5,343,000 after buying an additional 203,052 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of RXO by 325.2% in the third quarter. GSA Capital Partners LLP now owns 55,077 shares of the company’s stock worth $1,087,000 after acquiring an additional 42,123 shares during the period. Finally, Motley Fool Asset Management LLC raised its stake in RXO by 151.5% during the 3rd quarter. Motley Fool Asset Management LLC now owns 403,658 shares of the company’s stock valued at $7,964,000 after buying an additional 243,137 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO Trading Up 0.2 %

NYSE:RXO opened at $19.40 on Tuesday. The company has a market capitalization of $2.28 billion, a P/E ratio of 485.00, a PEG ratio of 6.81 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $20.72 and a 200-day simple moving average of $20.89. RXO, Inc. has a 12 month low of $16.94 and a 12 month high of $24.33.

RXO (NYSE:RXO) last posted its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $978.00 million during the quarter, compared to the consensus estimate of $996.33 million. RXO had a net margin of 0.10% and a return on equity of 6.11%. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts anticipate that RXO, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RXO shares. Stifel Nicolaus raised their price target on RXO from $20.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Friday, April 19th. TD Cowen boosted their target price on RXO from $16.50 to $19.50 and gave the company a “market perform” rating in a research report on Friday, February 9th. Vertical Research cut shares of RXO from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Wednesday, January 10th. Finally, Bank of America downgraded shares of RXO from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $22.00 in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, RXO currently has an average rating of “Hold” and an average target price of $20.23.

Insider Activity at RXO

In other news, major shareholder Mfn Partners, Lp purchased 919,720 shares of the stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $21.04 per share, with a total value of $19,350,908.80. Following the completion of the purchase, the insider now directly owns 14,675,369 shares of the company’s stock, valued at approximately $308,769,763.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders have purchased 2,689,717 shares of company stock valued at $54,468,072. 1.80% of the stock is owned by company insiders.

About RXO

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.