Life Planning Partners Inc Buys Shares of 157,797 RXO, Inc. (NYSE:RXO)

Life Planning Partners Inc bought a new position in RXO, Inc. (NYSE:RXO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 157,797 shares of the company’s stock, valued at approximately $3,762,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in RXO during the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its holdings in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after buying an additional 868 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after buying an additional 570 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after buying an additional 1,445 shares during the period. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RXO. Barclays lowered their target price on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Morgan Stanley decreased their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company cut their target price on RXO from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday. Susquehanna decreased their price target on shares of RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price objective on shares of RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.33.

RXO Price Performance

Shares of RXO stock opened at $18.86 on Friday. The company’s fifty day simple moving average is $21.31 and its two-hundred day simple moving average is $25.19. RXO, Inc. has a 12-month low of $17.50 and a 12-month high of $32.82. The firm has a market cap of $3.08 billion, a PE ratio of -8.90, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, equities analysts expect that RXO, Inc. will post 0.31 EPS for the current year.

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.