Perpetual Ltd Purchases New Stake in RXO, Inc. (NYSE:RXO)

Perpetual Ltd purchased a new stake in shares of RXO, Inc. (NYSE:RXO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,734 shares of the company’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also made changes to their positions in RXO. Dimensional Fund Advisors LP raised its position in shares of RXO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock valued at $53,153,000 after acquiring an additional 176,041 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in RXO during the 2nd quarter worth $112,000. Sei Investments Co. grew its stake in RXO by 126.8% during the 2nd quarter. Sei Investments Co. now owns 37,445 shares of the company’s stock worth $979,000 after buying an additional 20,933 shares during the last quarter. Bank of Montreal Can grew its stake in RXO by 29.7% during the 2nd quarter. Bank of Montreal Can now owns 15,973 shares of the company’s stock worth $418,000 after buying an additional 3,655 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in RXO during the 2nd quarter worth $1,790,000. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Stock Up 1.4 %

NYSE RXO opened at $26.20 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50 day simple moving average is $26.54 and its 200 day simple moving average is $27.75. RXO, Inc. has a 12 month low of $18.75 and a 12 month high of $32.82. The company has a market capitalization of $4.21 billion, a P/E ratio of -13.23, a PEG ratio of 3.72 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RXO shares. Stifel Nicolaus upped their price objective on RXO from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Wells Fargo & Company lowered their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their price target on RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, Barclays decreased their price target on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, RXO has a consensus rating of “Hold” and a consensus price target of $26.79.

RXO Company 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.