8,900 Shares in RXO, Inc. (NYSE:RXO) Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. acquired a new position in shares of RXO, Inc. (NYSE:RXO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,900 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RXO. GAMMA Investing LLC boosted its position in RXO by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after buying an additional 510 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of RXO by 2.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company’s stock worth $668,000 after buying an additional 575 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of RXO by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock worth $390,000 after purchasing an additional 650 shares during the last quarter. Arizona State Retirement System boosted its holdings in RXO by 2.3% during the second quarter. Arizona State Retirement System now owns 32,906 shares of the company’s stock worth $860,000 after buying an additional 751 shares during the last quarter. Finally, KBC Group NV grew its holdings in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after purchasing an additional 890 shares during the period. 92.73% of the stock is currently owned by institutional investors.

RXO Stock Up 0.9 %

Shares of RXO stock opened at $30.15 on Friday. The company’s 50 day moving average price is $28.43 and its 200-day moving average price is $26.65. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of -15.23, a P/E/G ratio of 16.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

RXO (NYSE:RXO) last released its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Equities research analysts forecast that RXO, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $31.00 price target on shares of RXO in a report on Tuesday, September 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Susquehanna cut their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Morgan Stanley raised their price target on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.47.

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.