15,734 Shares in RXO, Inc. (NYSE:RXO) Acquired by Perpetual Ltd

Perpetual Ltd purchased a new position in shares of RXO, Inc. (NYSE:RXO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,734 shares of the company's stock, valued at approximately $375,000.

A number of other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in RXO in the third quarter valued at $28,000. Nomura Asset Management Co. Ltd. increased its holdings in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock valued at $39,000 after buying an additional 570 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock valued at $43,000 after buying an additional 1,445 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in RXO in the second quarter valued at $112,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Price Performance

Shares of RXO stock traded down $0.27 during midday trading on Friday, reaching $25.92. 859,399 shares of the company traded hands, compared to its average volume of 906,647. The firm's 50 day simple moving average is $26.54 and its two-hundred day simple moving average is $27.75. RXO, Inc. has a 1-year low of $18.75 and a 1-year high of $32.82. 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 firm has a market cap of $4.17 billion, a PE ratio of -13.09, a price-to-earnings-growth ratio of 3.72 and a beta of 1.52.

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

Wall Street Analyst Weigh In

Several research firms recently commented on RXO. Wells Fargo & Company dropped their target price on RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Stifel Nicolaus raised their price objective on RXO from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Thursday. Susquehanna dropped their price objective on RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a report on Tuesday, November 12th. Finally, Benchmark reaffirmed a "hold" rating on shares of RXO in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, RXO presently has an average rating of "Hold" and an average price target of $26.79.

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.