87,572 Shares in Rxo Inc $RXO Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Rxo Inc (NYSE:RXO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 87,572 shares of the company’s stock, valued at approximately $1,107,000. Dynamic Technology Lab Private Ltd owned about 0.05% of RXO as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RXO. Royal Bank of Canada grew its holdings in shares of RXO by 14.3% during the first quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock worth $444,000 after buying an additional 2,902 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in RXO by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock worth $1,813,000 after purchasing an additional 4,134 shares during the period. Geneos Wealth Management Inc. acquired a new position in RXO during the 1st quarter worth approximately $30,000. Strs Ohio acquired a new position in RXO during the 1st quarter worth approximately $97,000. Finally, Quantbot Technologies LP acquired a new position in RXO during the 2nd quarter worth approximately $245,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Price Performance

RXO stock opened at $28.48 on Friday. Rxo Inc has a 1 year low of $10.43 and a 1 year high of $29.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50 day moving average price is $21.32 and its 200 day moving average price is $16.78. The firm has a market cap of $4.70 billion, a P/E ratio of -46.69, a PEG ratio of 30.26 and a beta of 2.08.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup boosted their target price on RXO from $17.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. UBS Group boosted their target price on RXO from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Finally, Susquehanna boosted their target price on RXO from $14.00 to $18.00 and gave the stock a “negative” rating in a research report on Friday, May 8th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.08.

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.