GSA Capital Partners LLP Has $1.09 Million Stake in Rxo Inc $RXO

GSA Capital Partners LLP raised its position in Rxo Inc (NYSE:RXO) by 292.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 86,175 shares of the company’s stock after purchasing an additional 64,217 shares during the period. GSA Capital Partners LLP’s holdings in RXO were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Orbis Allan Gray Ltd raised its stake in shares of RXO by 3.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company’s stock valued at $493,218,000 after purchasing an additional 1,142,710 shares during the period. Vanguard Group Inc. raised its stake in shares of RXO by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 17,309,811 shares of the company’s stock valued at $218,796,000 after purchasing an additional 93,130 shares during the period. Wellington Management Group LLP raised its stake in shares of RXO by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock valued at $153,780,000 after purchasing an additional 735,810 shares during the period. Finepoint Capital LP acquired a new stake in shares of RXO in the third quarter valued at approximately $111,764,000. Finally, State Street Corp raised its holdings in shares of RXO by 1.5% in the second quarter. State Street Corp now owns 5,821,207 shares of the company’s stock valued at $91,509,000 after purchasing an additional 85,405 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price objective (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Stifel Nicolaus upgraded shares of RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, May 15th. Zacks Research upgraded shares of RXO from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Benchmark reiterated a “hold” rating on shares of RXO in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.08.

RXO Price Performance

Shares of RXO opened at $24.41 on Friday. The company has a market cap of $4.03 billion, a price-to-earnings ratio of -40.01, a PEG ratio of 25.32 and a beta of 1.96. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $24.98. The company’s fifty day simple moving average is $17.06 and its 200 day simple moving average is $15.22. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

RXO (NYSE:RXO) last issued its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, research analysts forecast that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

About RXO

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.