105,108 Shares in Rxo Inc $RXO Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in shares of Rxo Inc (NYSE:RXO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 105,108 shares of the company’s stock, valued at approximately $1,537,000.

Other hedge funds have also recently bought and sold shares of the company. Orbis Allan Gray Ltd increased its stake in shares of RXO by 6.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock valued at $438,327,000 after buying an additional 2,104,597 shares during the period. Vanguard Group Inc. lifted its stake in shares of RXO by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 17,309,811 shares of the company’s stock valued at $218,796,000 after acquiring an additional 93,130 shares during the period. Wellington Management Group LLP boosted its holdings in RXO by 7.9% in the third quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock valued at $153,780,000 after acquiring an additional 735,810 shares during the last quarter. State Street Corp boosted its holdings in RXO by 3.7% in the fourth quarter. State Street Corp now owns 6,370,232 shares of the company’s stock valued at $80,520,000 after acquiring an additional 230,053 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in RXO by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,876,488 shares of the company’s stock worth $49,008,000 after purchasing an additional 18,110 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RXO has been the subject of several recent research reports. Zacks Research raised RXO from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Citigroup started coverage on shares of RXO in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Stephens upgraded shares of RXO to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen boosted their price target on shares of RXO from $14.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, The Goldman Sachs Group boosted their price target on shares of RXO from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Four 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.57.

RXO Stock Up 1.7%

Shares of RXO stock opened at $29.35 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $29.90. The business has a fifty day simple moving average of $26.04 and a 200 day simple moving average of $19.34. The stock has a market cap of $4.84 billion, a PE ratio of -48.12 and a beta of 2.03.

RXO (NYSE:RXO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). RXO had a negative return on equity of 1.16% and a negative net margin of 1.83%.The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Research analysts predict that Rxo Inc will post 0.07 EPS for the current 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.