RXO Target of Unusually Large Options Trading (NYSE:RXO)

RXO, Inc. (NYSE:RXO - Get Free Report) saw some unusual options trading on Monday. Traders purchased 10,957 put options on the company. This represents an increase of 4,050% compared to the average volume of 264 put options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RXO. Blue Trust Inc. grew its stake in RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after acquiring an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in RXO during the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its stake in RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company's stock valued at $30,000 after buying an additional 868 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after buying an additional 570 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company's stock worth $43,000 after buying an additional 1,445 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RXO shares. Jefferies Financial Group dropped their price objective on shares of RXO from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their price target on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus reduced their price objective on RXO from $27.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Truist Financial assumed coverage on RXO in a research report on Thursday, March 13th. They issued a "buy" rating and a $24.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on RXO from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.73.

RXO Trading Up 2.3 %

Shares of RXO traded up $0.30 during midday trading on Friday, hitting $13.21. The stock had a trading volume of 1,089,043 shares, compared to its average volume of 1,098,917. The business has a 50-day simple moving average of $18.05 and a two-hundred day simple moving average of $23.83. The firm has a market cap of $2.17 billion, a P/E ratio of -6.23, a price-to-earnings-growth ratio of 4.55 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO has a fifty-two week low of $12.39 and a fifty-two week high of $32.82.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, equities analysts forecast that RXO will post 0.31 EPS for the current year.

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.