Squarepoint Ops LLC Acquires 129,228 Shares of Rxo Inc $RXO

Squarepoint Ops LLC increased its stake in Rxo Inc (NYSE:RXO) by 304.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,620 shares of the company’s stock after acquiring an additional 129,228 shares during the quarter. Squarepoint Ops LLC’s holdings in RXO were worth $2,698,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its stake in RXO by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 104,861 shares of the company’s stock worth $1,648,000 after acquiring an additional 1,007 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of RXO during the 2nd quarter worth about $170,000. Public Sector Pension Investment Board boosted its position in shares of RXO by 8.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 486,138 shares of the company’s stock worth $7,642,000 after purchasing an additional 37,795 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of RXO by 776.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,985 shares of the company’s stock valued at $330,000 after buying an additional 18,591 shares during the period. Finally, Orbis Allan Gray Ltd increased its position in RXO by 3.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 31,375,221 shares of the company’s stock valued at $493,218,000 after buying an additional 1,142,710 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

RXO has been the topic of several recent research reports. Susquehanna cut their price target on RXO from $11.00 to $10.00 and set a “negative” rating on the stock in a report on Friday, November 7th. UBS Group lowered their target price on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. The Goldman Sachs Group cut their target price on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Stifel Nicolaus boosted their price target on shares of RXO from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Truist Financial lowered their price objective on shares of RXO from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.62.

RXO Trading Down 5.1%

Shares of RXO stock opened at $13.89 on Thursday. The stock has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $15.64. Rxo Inc has a 12-month low of $10.43 and a 12-month high of $27.18. The company has a market capitalization of $2.28 billion, a P/E ratio of -32.31 and a beta of 1.74. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. RXO’s revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. On average, sell-side analysts anticipate that Rxo Inc will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew M. Wilkerson acquired 7,775 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $12.88 per share, for a total transaction of $100,142.00. Following the purchase, the chief executive officer owned 7,775 shares in the company, valued at approximately $100,142. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Szlosek bought 20,308 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $12.37 per share, for a total transaction of $251,209.96. Following the transaction, the director owned 36,508 shares in the company, valued at approximately $451,603.96. This represents a 125.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 40,250 shares of company stock worth $488,875 over the last quarter. Insiders own 2.80% of the company’s stock.

RXO 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.