Dynamic Technology Lab Private Ltd Buys New Stake in Rxo Inc $RXO

Dynamic Technology Lab Private Ltd bought a new stake in Rxo Inc (NYSE:RXO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 87,572 shares of the company’s stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in RXO by 13.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 276,659 shares of the company’s stock valued at $3,497,000 after acquiring an additional 32,833 shares during the last quarter. Wells Fargo & Company MN raised its holdings in RXO by 40.7% in the 4th quarter. Wells Fargo & Company MN now owns 195,454 shares of the company’s stock valued at $2,471,000 after acquiring an additional 56,558 shares during the last quarter. Cibc World Markets Corp acquired a new position in RXO in the 4th quarter valued at $136,000. New York State Common Retirement Fund raised its holdings in RXO by 6.6% in the 4th quarter. New York State Common Retirement Fund now owns 649,167 shares of the company’s stock valued at $8,205,000 after acquiring an additional 40,137 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in RXO by 14.9% in the 4th quarter. Bank of Montreal Can now owns 12,332 shares of the company’s stock valued at $156,000 after acquiring an additional 1,599 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Stock Down 0.1%

Shares of NYSE RXO opened at $28.48 on Friday. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $29.86. The company has a market cap of $4.70 billion, a P/E ratio of -46.69, a P/E/G ratio of 30.26 and a beta of 2.08. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $21.32 and a 200 day moving average price of $16.78.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price target (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Bank of America cut their price target on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Zacks Research upgraded RXO from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, RXO has an average rating of “Hold” and a consensus target price of $20.08.

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.