Teachers Retirement System of The State of Kentucky Lowers Stock Position in Rxo Inc $RXO

Teachers Retirement System of The State of Kentucky cut its stake in shares of Rxo Inc (NYSE:RXO) by 71.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,480 shares of the company’s stock after selling 90,352 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in RXO were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new position in shares of RXO in the 4th quarter worth $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of RXO during the 1st quarter valued at $30,000. Quarry LP bought a new stake in shares of RXO during the 3rd quarter worth $33,000. Larson Financial Group LLC lifted its holdings in shares of RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock worth $43,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Strs Ohio purchased a new position in RXO in the first quarter worth $97,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays increased their target price on RXO from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Citigroup initiated coverage on RXO in a report on Wednesday. They issued a “market perform” rating for the company. BMO Capital Markets assumed coverage on RXO in a research report on Monday. They set an “outperform” rating and a $35.00 price objective on the stock. Wells Fargo & Company increased their price objective on RXO from $15.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Stephens raised RXO to a “hold” rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.57.

RXO Stock Performance

Shares of RXO stock opened at $28.52 on Friday. The company has a market capitalization of $4.70 billion, a P/E ratio of -46.76 and a beta of 2.03. Rxo Inc has a fifty-two week low of $10.43 and a fifty-two week high of $29.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a 50 day moving average price of $25.54 and a two-hundred day moving average price of $18.99.

RXO (NYSE:RXO) last issued its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business earned ($0.03) earnings per share. The business’s revenue was down .6% on a year-over-year basis. Analysts expect that Rxo Inc will post 0.07 earnings per share for the current year.

Trending Headlines about RXO

Here are the key news stories impacting RXO this week:

• Positive Sentiment: Truist Financial raised its price target on RXO from $26 to $30 and reiterated a buy rating, signaling confidence in further upside from current levels. Analyst update via Benzinga
• Positive Sentiment: BMO Capital Markets initiated coverage with an outperform rating and a $35 price target, one of the more bullish calls in the latest batch. BMO Capital Markets initiation via Benzinga
• Neutral Sentiment: Goldman Sachs raised its target from $18 to $20 but kept a neutral rating, suggesting valuation may be more limited despite the higher target. Goldman Sachs update via Benzinga
• Neutral Sentiment: Citizens JMP initiated coverage with a market perform rating, indicating a more cautious stance and no strong conviction either way. Citizens JMP coverage via Zacks
• Neutral Sentiment: Susquehanna also lifted its price target to $20, but that still sits well below the current trading level, implying limited near-term upside from their perspective. Susquehanna update

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.