RXO, Inc. (NYSE:RXO) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in RXO, Inc. (NYSE:RXO) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,245 shares of the company’s stock after purchasing an additional 1,520 shares during the period. Oppenheimer & Co. Inc.’s holdings in RXO were worth $791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after buying an additional 510 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of RXO during the second quarter worth $112,000. City Holding Co. boosted its position in shares of RXO by 57.9% in the 3rd quarter. City Holding Co. now owns 5,241 shares of the company’s stock valued at $147,000 after purchasing an additional 1,921 shares during the period. Quintet Private Bank Europe S.A. raised its holdings in RXO by 29.6% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 5,304 shares of the company’s stock worth $149,000 after buying an additional 1,212 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of RXO by 2,700.0% in the third quarter. International Assets Investment Management LLC now owns 6,244 shares of the company’s stock worth $175,000 after acquiring an additional 6,021 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RXO. Morgan Stanley increased their target price on 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 cut their target price on shares of RXO from $33.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. TD Cowen boosted 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. Wells Fargo & Company restated an “equal weight” rating and issued a $31.00 target price on shares of RXO in a research note on Monday, November 11th. Finally, UBS Group raised their price target on RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.47.

RXO Trading Up 1.1 %

Shares of NYSE:RXO opened at $27.43 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50-day moving average is $27.88 and its 200-day moving average is $26.24. The company has a market cap of $4.41 billion, a P/E ratio of -13.85, a P/E/G ratio of 14.68 and a beta of 1.33. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82.

RXO (NYSE:RXO) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Equities research analysts predict that RXO, Inc. will post 0.12 earnings per share for the current year.

About RXO

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.