Rxo Inc $RXO Stock Position Trimmed by Swedbank AB

Swedbank AB cut its position in Rxo Inc (NYSE:RXO) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,358,000 shares of the company’s stock after selling 132,000 shares during the quarter. Swedbank AB’s holdings in RXO were worth $17,165,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP lifted its position in RXO by 292.5% in the 4th quarter. GSA Capital Partners LLP now owns 86,175 shares of the company’s stock valued at $1,089,000 after purchasing an additional 64,217 shares during the last quarter. ProShare Advisors LLC lifted its position in RXO by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 31,634 shares of the company’s stock valued at $400,000 after purchasing an additional 972 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in RXO by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock valued at $475,000 after purchasing an additional 600 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in RXO in the 4th quarter valued at about $219,000. Finally, Versor Investments LP bought a new stake in RXO in the 4th quarter valued at about $143,000. 92.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on RXO shares. TD Cowen lifted their price objective on shares of RXO from $14.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Wells Fargo & Company lifted their price objective on shares of RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Susquehanna lifted their price objective on shares of RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of RXO from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Truist Financial boosted their price target on shares of RXO from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, RXO has a consensus rating of “Hold” and a consensus target price of $20.08.

RXO Stock Up 0.5%

RXO stock opened at $24.49 on Tuesday. Rxo Inc has a 52 week low of $10.43 and a 52 week high of $25.03. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -40.15, a price-to-earnings-growth ratio of 25.87 and a beta of 1.96. The firm’s 50-day moving average is $17.54 and its two-hundred day moving average is $15.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

RXO (NYSE:RXO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned ($0.03) EPS. RXO’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

RXO Profile

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.