Crossmark Global Holdings Inc. Sells 522 Shares of RXO, Inc. (NYSE:RXO)

Crossmark Global Holdings Inc. cut its holdings in RXO, Inc. (NYSE:RXO) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,378 shares of the company’s stock after selling 522 shares during the period. Crossmark Global Holdings Inc.’s holdings in RXO were worth $245,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Motco boosted its holdings in RXO by 5,450.0% in the first quarter. Motco now owns 2,442 shares of the company’s stock worth $53,000 after purchasing an additional 2,398 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in RXO by 106,833.3% during the fourth quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company’s stock valued at $70,000 after acquiring an additional 3,205 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in RXO by 2,235.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock valued at $80,000 after acquiring an additional 3,487 shares during the period. PNC Financial Services Group Inc. boosted its holdings in RXO by 62.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock valued at $121,000 after acquiring an additional 1,987 shares during the period. Finally, SG Americas Securities LLC bought a new stake in RXO during the first quarter valued at about $151,000. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RXO. Morgan Stanley upped their price target on shares of RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Jefferies Financial Group decreased their price target on shares of RXO from $33.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. TD Cowen upped their price target on shares of RXO from $23.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Susquehanna upped their price target on shares of RXO from $14.00 to $20.00 and gave the company a “negative” rating in a report on Thursday, August 15th. Finally, Oppenheimer upped their price target on shares of RXO from $22.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, RXO currently has a consensus rating of “Hold” and an average target price of $26.00.

RXO Stock Performance

NYSE:RXO opened at $28.19 on Thursday. RXO, Inc. has a 12-month low of $16.94 and a 12-month high of $32.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3.32 billion, a PE ratio of -313.22, a price-to-earnings-growth ratio of 7.37 and a beta of 1.36. The firm has a 50-day moving average price of $28.69 and a 200 day moving average price of $23.50.

RXO (NYSE:RXO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $930.00 million during the quarter, compared to analyst estimates of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. Research analysts anticipate that RXO, Inc. will post 0.14 earnings per share for the current fiscal year.

RXO Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.