RXO, Inc. (NYSE:RXO) is Divisar Capital Management LLC's 7th Largest Position

Divisar Capital Management LLC reduced its stake in shares of RXO, Inc. (NYSE:RXO - Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 981,583 shares of the company's stock after selling 98,383 shares during the quarter. RXO accounts for 4.9% of Divisar Capital Management LLC's holdings, making the stock its 7th largest position. Divisar Capital Management LLC owned approximately 0.84% of RXO worth $25,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Motco grew its stake in RXO by 5,450.0% in the 1st quarter. Motco now owns 2,442 shares of the company's stock valued at $53,000 after acquiring an additional 2,398 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of RXO by 106,833.3% during the fourth quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company's stock valued at $70,000 after acquiring an additional 3,205 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of RXO by 2,235.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company's stock valued at $80,000 after acquiring an additional 3,487 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in RXO in the 2nd quarter valued at $112,000. Finally, PNC Financial Services Group Inc. raised its stake in RXO by 62.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company's stock valued at $121,000 after purchasing an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Stock Down 2.3 %

Shares of RXO traded down $0.65 during mid-day trading on Thursday, reaching $27.23. The company's stock had a trading volume of 1,415,760 shares, compared to its average volume of 838,425. The company's 50 day moving average is $28.39 and its 200 day moving average is $24.09. The stock has a market cap of $3.20 billion, a PE ratio of -302.56, a price-to-earnings-growth ratio of 13.01 and a beta of 1.35. RXO, Inc. has a 12-month low of $16.94 and a 12-month high of $32.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17.

RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $930.00 million during the quarter, compared to the consensus estimate of $934.14 million. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. Equities analysts anticipate that RXO, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RXO. JPMorgan Chase & Co. lifted their target price on shares of RXO from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Thursday, August 8th. Oppenheimer reaffirmed an "outperform" rating and set a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. TD Cowen raised their target price on shares of RXO from $23.00 to $28.00 and gave the stock a "hold" rating in a research note on Thursday, August 8th. Barclays upped their price target on RXO from $24.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, July 16th. Finally, Benchmark reissued a "hold" rating on shares of RXO in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.67.

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.