Christine S. Breves Purchases 5,100 Shares of RXO, Inc. (NYSE:RXO) Stock

RXO, Inc. (NYSE:RXO) Director Christine S. Breves bought 5,100 shares of RXO stock in a transaction on Friday, November 17th. The stock was acquired at an average price of $19.90 per share, with a total value of $101,490.00. Following the completion of the purchase, the director now directly owns 6,948 shares of the company’s stock, valued at $138,265.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

RXO Stock Down 0.6 %

RXO stock opened at $19.85 on Tuesday. The company’s 50 day simple moving average is $18.68 and its 200 day simple moving average is $19.84. RXO, Inc. has a fifty-two week low of $15.67 and a fifty-two week high of $23.74. The firm has a market capitalization of $2.32 billion and a price-to-earnings ratio of -1,985.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.29 and a quick ratio of 1.29.

RXO (NYSE:RXO) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. RXO had a negative net margin of 0.05% and a positive return on equity of 10.55%. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $957.88 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was down 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that RXO, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RXO shares. Stephens cut their target price on shares of RXO from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, August 3rd. Oppenheimer reissued an “outperform” rating and issued a $24.00 price target on shares of RXO in a report on Monday, August 7th. Morgan Stanley lowered their target price on shares of RXO from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, October 2nd. JPMorgan Chase & Co. lowered shares of RXO from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $17.00 to $16.00 in a report on Wednesday, October 11th. Finally, Susquehanna lowered their target price on shares of RXO from $14.00 to $13.00 and set a “negative” rating on the stock in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.81.

Institutional Trading of RXO

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kirr Marbach & Co. LLC IN raised its holdings in shares of RXO by 0.3% in the third quarter. Kirr Marbach & Co. LLC IN now owns 191,715 shares of the company’s stock valued at $3,783,000 after purchasing an additional 653 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in RXO by 16.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock worth $121,000 after purchasing an additional 770 shares during the period. Rhumbline Advisers boosted its position in shares of RXO by 0.3% in the third quarter. Rhumbline Advisers now owns 353,816 shares of the company’s stock valued at $6,981,000 after acquiring an additional 905 shares during the period. SG Americas Securities LLC boosted its position in shares of RXO by 5.7% in the first quarter. SG Americas Securities LLC now owns 17,916 shares of the company’s stock valued at $352,000 after acquiring an additional 968 shares during the period. Finally, LPL Financial LLC boosted its position in shares of RXO by 7.4% in the second quarter. LPL Financial LLC now owns 16,282 shares of the company’s stock valued at $369,000 after acquiring an additional 1,123 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. The company also offers brokered services for managed transportation, last mile, and freight forwarding. RXO, Inc was founded in 2022 and is based in Charlotte, North Carolina.