Rxo Inc $RXO Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Rxo Inc (NYSE:RXO) by 52.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,187 shares of the company’s stock after purchasing an additional 27,573 shares during the period. Quantinno Capital Management LP’s holdings in RXO were worth $1,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RXO. Public Employees Retirement System of Ohio grew its stake in shares of 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 buying an additional 649 shares during the period. Sei Investments Co. raised its position in shares of RXO by 71.7% during the 1st quarter. Sei Investments Co. now owns 133,339 shares of the company’s stock valued at $1,949,000 after buying an additional 55,680 shares during the period. First Trust Advisors LP purchased a new stake in shares of RXO during the 1st quarter valued at approximately $797,000. PNC Financial Services Group Inc. lifted its holdings in RXO by 47.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,287 shares of the company’s stock valued at $92,000 after acquiring an additional 2,019 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in RXO in the first quarter valued at approximately $29,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Stock Up 0.5%

Shares of NYSE:RXO opened at $23.43 on Friday. The firm has a market capitalization of $3.86 billion, a PE ratio of -38.40 and a beta of 2.10. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $29.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50-day moving average is $25.64 and its two-hundred day moving average is $20.34.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative net margin of 1.72% and a negative return on equity of 0.98%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Analysts predict that Rxo Inc will post 0.13 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on RXO shares. Truist Financial cut their target price on RXO from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays raised their price objective on RXO from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Susquehanna boosted their price objective on shares of RXO from $18.00 to $20.00 and gave the company a “negative” rating in a report on Tuesday, July 14th. Finally, Citigroup raised shares of RXO from a “market perform” rating to an “outperform” rating in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.85.

RXO Company Profile

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.