Rxo Inc $RXO Shares Sold by Divisar Capital Management LLC

Divisar Capital Management LLC cut its holdings in Rxo Inc (NYSE:RXO) by 20.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 535,942 shares of the company’s stock after selling 140,000 shares during the quarter. RXO makes up about 2.2% of Divisar Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Divisar Capital Management LLC’s holdings in RXO were worth $8,243,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RXO. Finepoint Capital LP acquired a new position in RXO during the third quarter worth about $111,764,000. Orbis Allan Gray Ltd grew its position in shares of RXO by 3.8% in the second quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company’s stock valued at $493,218,000 after purchasing an additional 1,142,710 shares during the last quarter. Franklin Resources Inc. grew its position in shares of RXO by 91.2% in the third quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock valued at $35,818,000 after purchasing an additional 1,110,530 shares during the last quarter. Norges Bank purchased a new position in shares of RXO during the 2nd quarter worth approximately $16,949,000. Finally, Wellington Management Group LLP increased its stake in shares of RXO by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after purchasing an additional 735,810 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

RXO Stock Up 0.3%

RXO stock opened at $12.12 on Monday. The stock has a market capitalization of $1.99 billion, a P/E ratio of -20.90, a PEG ratio of 8.51 and a beta of 1.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. Rxo Inc has a one year low of $10.43 and a one year high of $19.65. The company has a 50 day moving average price of $14.95 and a two-hundred day moving average price of $15.03.

RXO (NYSE:RXO) last issued its quarterly earnings results on Friday, February 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RXO had a negative return on equity of 0.44% and a negative net margin of 1.74%.The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. As a group, sell-side analysts expect that Rxo Inc will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RXO shares. UBS Group reaffirmed a “neutral” rating on shares of RXO in a research note on Sunday, February 8th. Barclays raised their price target on RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Citigroup upped their price objective on RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. TD Cowen reaffirmed a “hold” rating on shares of RXO in a research note on Friday, January 9th. Finally, Benchmark reissued a “hold” rating on shares of RXO in a research note on Monday, February 9th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.29.

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.