Rxo Inc $RXO Shares Sold by Swedbank AB

Swedbank AB trimmed its position in shares of Rxo Inc (NYSE:RXO) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,358,000 shares of the company’s stock after selling 132,000 shares during the period. Swedbank AB owned approximately 0.83% of RXO worth $17,165,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in RXO during the 1st quarter valued at $30,000. Flagship Harbor Advisors LLC acquired a new stake in RXO during the 4th quarter valued at $25,000. Quarry LP acquired a new stake in RXO during the 3rd quarter valued at $33,000. Larson Financial Group LLC grew its holdings in RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp grew 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 worth $49,000 after acquiring an additional 701 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Trading Up 0.5%

RXO stock opened at $24.49 on Tuesday. The firm’s 50-day moving average is $17.54 and its 200-day moving average is $15.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $25.03. The company has a market cap of $4.04 billion, a P/E ratio of -40.15, a PEG ratio of 25.87 and a beta of 1.96.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Rxo Inc will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RXO shares. Bank of America decreased their price objective on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Weiss Ratings lowered shares of RXO from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Stifel Nicolaus raised shares of RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, May 15th. TD Cowen raised their price objective on shares of RXO from $14.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Finally, Benchmark reissued a “hold” rating on shares of RXO in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.08.

About RXO

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.