RXO (NYSE:RXO) Sets New 12-Month High at $26.27

RXO, Inc. (NYSE:RXO)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $26.27 and last traded at $26.27, with a volume of 1764 shares traded. The stock had previously closed at $26.15.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Susquehanna lifted their price objective on RXO from $15.00 to $16.00 and gave the stock a “negative” rating in a research report on Monday, March 25th. TD Cowen lifted their price target on RXO from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Raymond James initiated coverage on RXO in a report on Wednesday, May 15th. They issued a “market perform” rating for the company. Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, June 12th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $22.00 price objective on shares of RXO in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, RXO currently has a consensus rating of “Hold” and an average target price of $19.90.

RXO Trading Up 0.5 %

The firm has a 50-day moving average of $20.75 and a 200 day moving average of $21.34. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

RXO (NYSE:RXO) last announced its earnings results on Thursday, May 2nd. The company reported ($0.03) 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 3.23% and a negative net margin of 0.29%. The company had revenue of $913.00 million for the quarter, compared to analyst estimates of $929.50 million. During the same period in the prior year, the company posted $0.11 EPS. RXO’s quarterly revenue was down 9.6% on a year-over-year basis. Sell-side analysts expect that RXO, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at RXO

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Swedbank AB bought a new stake in shares of RXO in the 1st quarter worth $76,982,000. MFN Partners Management LP raised its stake in shares of RXO by 19.8% in the 1st quarter. MFN Partners Management LP now owns 15,588,555 shares of the company’s stock worth $340,922,000 after buying an additional 2,580,330 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of RXO by 287.9% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,582,324 shares of the company’s stock worth $34,605,000 after buying an additional 1,174,361 shares in the last quarter. Norges Bank bought a new stake in shares of RXO in the 4th quarter worth $24,250,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of RXO by 290.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 868,821 shares of the company’s stock worth $17,142,000 after buying an additional 646,540 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

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.