Fox Run Management L.L.C. Takes $210,000 Position in Rxo Inc $RXO

Fox Run Management L.L.C. bought a new position in Rxo Inc (NYSE:RXO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,006 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors have also bought and sold shares of the stock. Larson Financial Group LLC grew its position in RXO by 1,990.2% in the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock valued at $33,000 after acquiring an additional 1,632 shares during the period. CWM LLC boosted its stake in shares of RXO by 234.4% in the 1st quarter. CWM LLC now owns 1,876 shares of the company’s stock valued at $36,000 after purchasing an additional 1,315 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of RXO by 52.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company’s stock valued at $52,000 after purchasing an additional 945 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of RXO by 25.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,797 shares of the company’s stock worth $130,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of RXO by 37.2% during the 4th quarter. Mackenzie Financial Corp now owns 9,967 shares of the company’s stock worth $238,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on RXO. Cowen restated a “hold” rating on shares of RXO in a research report on Friday, August 8th. Wall Street Zen raised RXO from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. The Goldman Sachs Group decreased their price target on RXO from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus cut their price objective on RXO from $24.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Finally, Truist Financial reduced their price objective on RXO from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RXO presently has an average rating of “Hold” and an average target price of $17.93.

RXO Stock Performance

Shares of RXO stock opened at $14.4950 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $2.38 billion, a P/E ratio of -6.71, a P/E/G ratio of 7.25 and a beta of 1.68. The firm has a 50 day simple moving average of $15.93 and a 200 day simple moving average of $16.76. Rxo Inc has a fifty-two week low of $12.19 and a fifty-two week high of $31.98.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a positive return on equity of 1.18% and a negative net margin of 5.45%.The business’s revenue for the quarter was up 52.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. Sell-side analysts predict that Rxo Inc will post 0.31 earnings per share for the current fiscal year.

RXO Company Profile

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.