Life Planning Partners Inc Invests $3.76 Million in RXO, Inc. (NYSE:RXO)

Life Planning Partners Inc purchased a new position in RXO, Inc. (NYSE:RXO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 157,797 shares of the company’s stock, valued at approximately $3,762,000. Life Planning Partners Inc owned 0.10% of RXO at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RXO. GAMMA Investing LLC raised its stake in shares of 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 during the period. Blue Trust Inc. raised its stake in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after acquiring an additional 510 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the period. Glenmede Trust Co. NA increased its stake in shares of RXO by 4.9% in the third quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock worth $390,000 after purchasing an additional 650 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of RXO by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 53,142 shares of the company’s stock valued at $1,267,000 after purchasing an additional 811 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Price Performance

Shares of RXO stock opened at $20.95 on Friday. The firm has a market capitalization of $3.37 billion, a PE ratio of -9.88, a price-to-earnings-growth ratio of 3.63 and a beta of 1.53. The business’s 50-day moving average price is $24.92 and its 200-day moving average price is $27.18. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO, Inc. has a 12 month low of $18.75 and a 12 month high of $32.82.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. Sell-side analysts forecast that RXO, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on RXO. Morgan Stanley cut their price objective on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group dropped their price objective on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company reduced their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Susquehanna lowered their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, RXO has an average rating of “Hold” and an average price target of $26.46.

RXO 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.