Insider Buying: RXO (NYSE:RXO) Director Acquires 8,317 Shares of Stock

Rxo Inc (NYSE:RXO) Director Troy Cooper purchased 8,317 shares of RXO stock in a transaction dated Thursday, November 20th. The shares were bought at an average cost of $10.61 per share, for a total transaction of $88,243.37. Following the transaction, the director directly owned 275,416 shares of the company’s stock, valued at approximately $2,922,163.76. The trade was a 3.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

RXO Stock Up 4.2%

RXO stock traded up $0.49 during midday trading on Monday, hitting $11.96. The stock had a trading volume of 440,962 shares, compared to its average volume of 1,773,091. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.96 billion, a P/E ratio of -27.94 and a beta of 1.66. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $31.11. The business has a fifty day moving average price of $15.63 and a 200 day moving average price of $15.87.

RXO (NYSE:RXO) last released its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 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 0.88% and a negative net margin of 1.25%.The company’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. Research analysts predict that Rxo Inc will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RXO shares. Susquehanna decreased their price objective on shares of RXO from $11.00 to $10.00 and set a “negative” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. raised their price target on shares of RXO from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RXO in a report on Monday, November 17th. Truist Financial dropped their price objective on shares of RXO from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, UBS Group cut their target price on shares of RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, RXO has an average rating of “Hold” and an average price target of $16.69.

Hedge Funds Weigh In On RXO

Several institutional investors have recently modified their holdings of RXO. AlphaQuest LLC acquired a new stake in shares of RXO in the 2nd quarter worth about $29,000. Geneos Wealth Management Inc. acquired a new position in RXO during the 1st quarter valued at about $30,000. Quarry LP bought a new position in RXO in the 3rd quarter worth about $33,000. CWM LLC increased its stake in shares of RXO by 234.4% in the first quarter. CWM LLC now owns 1,876 shares of the company’s stock valued at $36,000 after purchasing an additional 1,315 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of RXO by 146.5% during the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

About RXO

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.