RXO (NYSE:RXO) Shares Down 6.1% – Here’s Why

Rxo Inc (NYSE:RXO) fell 6.1% during mid-day trading on Monday . The stock traded as low as $18.31 and last traded at $18.3930. 121,921 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,192,707 shares. The stock had previously closed at $19.59.

Analysts Set New Price Targets

Several research firms have issued reports on RXO. Bank of America decreased their price target on shares of RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. UBS Group restated a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. TD Cowen restated a “hold” rating on shares of RXO in a research report on Friday, January 9th. Barclays raised their price target on shares of RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Citigroup raised their price target on shares of RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, RXO has an average rating of “Hold” and a consensus target price of $16.00.

RXO Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50-day moving average price is $15.80 and its two-hundred day moving average price is $14.97. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -33.78, a price-to-earnings-growth ratio of 32.52 and a beta of 1.96.

RXO (NYSE:RXO) last issued its earnings results on Friday, February 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.06 earnings per share. RXO’s revenue was down 11.9% on a year-over-year basis. Sell-side analysts predict that Rxo Inc will post 0.02 earnings per share for the current year.

Institutional Trading of RXO

Several institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in shares of RXO by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock valued at $475,000 after acquiring an additional 600 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of RXO by 6.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock valued at $176,000 after acquiring an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of RXO by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock valued at $345,000 after acquiring an additional 661 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of RXO by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock valued at $1,793,000 after acquiring an additional 700 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.