RXO, Inc. (NYSE:RXO) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of RXO, Inc. (NYSE:RXO) by 9.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,032,929 shares of the company’s stock after purchasing an additional 176,041 shares during the quarter. Dimensional Fund Advisors LP’s holdings in RXO were worth $53,153,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Motco boosted its stake in RXO by 5,450.0% in the 1st quarter. Motco now owns 2,442 shares of the company’s stock worth $53,000 after purchasing an additional 2,398 shares during the period. TFO Wealth Partners LLC boosted its stake in RXO by 106,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company’s stock worth $70,000 after purchasing an additional 3,205 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in RXO by 2,235.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock worth $80,000 after purchasing an additional 3,487 shares during the period. PNC Financial Services Group Inc. boosted its stake in RXO by 62.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock worth $121,000 after purchasing an additional 1,987 shares during the period. Finally, SG Americas Securities LLC acquired a new position in RXO in the 1st quarter worth approximately $151,000. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RXO shares. Susquehanna decreased their price objective on shares of RXO from $20.00 to $16.00 and set a “negative” rating for the company in a research note on Thursday. Morgan Stanley raised their price objective on shares of RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Jefferies Financial Group decreased their price objective on shares of RXO from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a research report on Tuesday, September 17th. Finally, UBS Group increased their target price on shares of RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.67.

RXO Stock Up 1.0 %

RXO stock opened at $27.53 on Friday. The company has a market capitalization of $3.82 billion, a P/E ratio of -305.89, a P/E/G ratio of 13.22 and a beta of 1.35. The firm’s fifty day simple moving average is $28.34 and its 200-day simple moving average is $24.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64. RXO, Inc. has a 1-year low of $16.94 and a 1-year high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. RXO’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Sell-side analysts forecast 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.