14,241 Shares in RXO, Inc. (NYSE:RXO) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. acquired a new stake in RXO, Inc. (NYSE:RXO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,241 shares of the company’s stock, valued at approximately $399,000.

Several other large investors have also bought and sold shares of the stock. Northwest & Ethical Investments L.P. acquired a new stake in shares of RXO in the third quarter valued at about $249,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in RXO by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 247,588 shares of the company’s stock valued at $6,932,000 after purchasing an additional 4,415 shares during the period. Public Sector Pension Investment Board raised its holdings in RXO by 12.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 291,102 shares of the company’s stock worth $8,151,000 after purchasing an additional 32,500 shares during the last quarter. FORA Capital LLC acquired a new position in shares of RXO in the 3rd quarter worth approximately $1,463,000. Finally, MetLife Investment Management LLC boosted its stake in shares of RXO by 16.3% in the 3rd quarter. MetLife Investment Management LLC now owns 78,455 shares of the company’s stock valued at $2,197,000 after purchasing an additional 10,993 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Trading Up 0.9 %

RXO opened at $30.15 on Monday. RXO, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $32.82. The firm has a market capitalization of $4.85 billion, a PE ratio of -15.23, a P/E/G ratio of 16.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50-day moving average is $28.43 and its 200 day moving average is $26.69.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. As a group, research analysts predict that RXO, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of RXO from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. TD Cowen upped their target price on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Susquehanna dropped their price target on RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $31.00 price objective on shares of RXO in a research report on Monday, November 11th. Finally, Jefferies Financial Group dropped their target price on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Two investment 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’s stock. According to data from MarketBeat, RXO presently has an average rating of “Hold” and an average 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.