RXO, Inc. (NYSE:RXO) Given Consensus Recommendation of “Reduce” by Analysts

Shares of RXO, Inc. (NYSE:RXO) have earned a consensus rating of “Reduce” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.90.

RXO has been the topic of several research reports. Raymond James assumed coverage on RXO in a research note on Wednesday, May 15th. They set a “market perform” rating on the stock. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Wednesday, June 12th. Stephens reissued an “equal weight” rating and issued a $22.00 price target on shares of RXO in a report on Monday, May 6th. TD Cowen raised their price objective on shares of RXO from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Susquehanna upped their target price on shares of RXO from $15.00 to $16.00 and gave the company a “negative” rating in a research note on Monday, March 25th.

RXO Price Performance

Shares of NYSE:RXO opened at $20.07 on Wednesday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -223.00, a PEG ratio of 7.67 and a beta of 1.27. The business has a 50 day moving average price of $20.31 and a 200 day moving average price of $21.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.60. RXO has a twelve month low of $16.94 and a twelve month high of $24.33.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. RXO had a positive return on equity of 3.23% and a negative net margin of 0.29%. The company had revenue of $913.00 million during the quarter, compared to analysts’ expectations of $929.50 million. During the same period in the prior year, the business earned $0.11 earnings per share. RXO’s revenue for the quarter was down 9.6% compared to the same quarter last year. Research analysts predict that RXO will post 0.17 earnings per share for the current year.

Insider Transactions at RXO

In other news, major shareholder Mfn Partners, Lp purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $19.44 per share, for a total transaction of $1,944,000.00. Following the transaction, the insider now directly owns 17,075,369 shares of the company’s stock, valued at approximately $331,945,173.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have purchased 1,128,060 shares of company stock worth $22,099,090. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RXO. MFN Partners Management LP lifted its position in RXO by 19.8% in the 1st quarter. MFN Partners Management LP now owns 15,588,555 shares of the company’s stock valued at $340,922,000 after acquiring an additional 2,580,330 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of RXO by 0.3% during the first quarter. Vanguard Group Inc. now owns 13,294,483 shares of the company’s stock worth $290,750,000 after buying an additional 45,977 shares in the last quarter. Swedbank AB acquired a new stake in RXO in the 1st quarter valued at approximately $76,982,000. Douglas Lane & Associates LLC lifted its stake in RXO by 2.6% in the 1st quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company’s stock valued at $57,871,000 after acquiring an additional 66,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in RXO by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,869,583 shares of the company’s stock worth $43,489,000 after acquiring an additional 93,885 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

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.