FORA Capital LLC Acquires New Stake in RXO, Inc. (NYSE:RXO)

FORA Capital LLC acquired a new stake in shares of RXO, Inc. (NYSE:RXO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,235 shares of the company’s stock, valued at approximately $1,463,000.

Several other large investors also recently added to or reduced their stakes in RXO. GAMMA Investing LLC boosted its stake in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after buying an additional 510 shares during the period. Canada Pension Plan Investment Board bought a new stake in RXO during the second quarter valued at $112,000. KBC Group NV boosted its stake in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after buying an additional 890 shares during the period. City Holding Co. raised its position in RXO by 57.9% during the third quarter. City Holding Co. now owns 5,241 shares of the company’s stock valued at $147,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its position in RXO by 29.6% during the third quarter. Quintet Private Bank Europe S.A. now owns 5,304 shares of the company’s stock valued at $149,000 after purchasing an additional 1,212 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Stock Performance

Shares of RXO opened at $29.89 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $28.21 and its 200-day moving average price is $26.54. RXO, Inc. has a 52 week low of $18.75 and a 52 week high of $32.82. The stock has a market cap of $4.81 billion, a P/E ratio of -15.10, a P/E/G ratio of 16.39 and a beta of 1.33.

RXO (NYSE:RXO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $956.19 million. During the same period in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that RXO, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RXO. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of RXO in a research report on Monday, November 18th. Jefferies Financial Group lowered their price target on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Oppenheimer restated an “outperform” rating and set a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $31.00 price objective on shares of RXO in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, RXO currently has an average rating of “Hold” and a consensus target price of $26.47.

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.