Comerica Bank Acquires 24,425 Shares of Rxo Inc $RXO

Comerica Bank boosted its holdings in shares of Rxo Inc (NYSE:RXO) by 28.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 109,572 shares of the company’s stock after purchasing an additional 24,425 shares during the period. Comerica Bank’s holdings in RXO were worth $1,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RXO. Flagship Harbor Advisors LLC bought a new position in RXO during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. bought a new position in RXO during the first quarter worth about $30,000. Quarry LP bought a new position in RXO during the third quarter worth about $33,000. Larson Financial Group LLC lifted its holdings in shares of RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of RXO by 27.0% in the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on RXO. UBS Group restated a “neutral” rating on shares of RXO in a report on Sunday, February 8th. Barclays boosted their price target on RXO from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Susquehanna boosted their price target on RXO from $12.00 to $14.00 and gave the company a “negative” rating in a report on Wednesday, April 22nd. Zacks Research upgraded RXO from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Stephens set a $15.00 price target on RXO in a report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.33.

Key Stories Impacting RXO

Here are the key news stories impacting RXO this week:

• Positive Sentiment: Revenue topped expectations — RXO reported $1.43B in Q1 sales versus ~$1.34B consensus, signaling stronger-than-expected demand and helping lift the stock. RXO Announces First-Quarter Results and Second-Quarter Outlook
• Positive Sentiment: Management issued an upbeat Q2 outlook and said business momentum is improving (full-truckload gains, improving spot mix), which analysts view as better than Street estimates and supports forward earnings expectations. RXO Stock Rises as the Shipping Company’s Earnings Allay Amazon Fears
• Positive Sentiment: Tech investments and a “tech turnaround” narrative are being highlighted by analysts and media — investors see potential margin/efficiency upside if investments convert to better brokerage conversion and operations. RXO’s tech turnaround: why investors are watching
• Positive Sentiment: Market reaction: volume spiked (well above average) and the stock breached key moving averages (50/200-day), a technical tailwind that often attracts momentum buyers. RXO stock soars. Strong earnings allay Amazon fears.
• Neutral Sentiment: EPS met consensus at a ($0.09) loss — while in line with estimates, RXO remains unprofitable on a GAAP basis this quarter, so investors must weigh revenue strength versus continued losses. RXO (RXO) Reports Q1 Loss, Tops Revenue Estimates
• Negative Sentiment: Some operational headwinds remain — brokerage volumes declined ~8% year-over-year and profitability metrics (negative net margin, negative ROE) still reflect pressure; sustained improvement is required to justify higher multiples. RXO misses first-quarter estimates but stock gains 3% on outlook

RXO Price Performance

NYSE:RXO opened at $23.00 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50-day simple moving average is $15.96 and its 200 day simple moving average is $15.01. The company has a market cap of $3.79 billion, a P/E ratio of -39.65, a P/E/G ratio of 35.08 and a beta of 1.96. Rxo Inc has a 52-week low of $10.43 and a 52-week high of $23.29.

RXO (NYSE:RXO) last released its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.RXO’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. As a group, sell-side analysts forecast that Rxo Inc will post 0.02 EPS for the current fiscal year.

About RXO

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.