RXO, Inc. (NYSE:RXO - Get Free Report) major shareholder Mfn Partners, Lp acquired 5,139 shares of the business's stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $20.39 per share, with a total value of $104,784.21. Following the acquisition, the insider now directly owns 15,593,694 shares in the company, valued at $317,955,420.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Mfn Partners, Lp also recently made the following trade(s):
- On Tuesday, April 16th, Mfn Partners, Lp acquired 35,985 shares of RXO stock. The stock was acquired at an average cost of $20.22 per share, with a total value of $727,616.70.
- On Thursday, February 8th, Mfn Partners, Lp bought 919,720 shares of RXO stock. The stock was purchased at an average price of $21.04 per share, with a total value of $19,350,908.80.
- On Friday, February 2nd, Mfn Partners, Lp bought 747,424 shares of RXO stock. The stock was purchased at an average price of $20.25 per share, with a total value of $15,135,336.00.
RXO Price Performance
RXO stock opened at $19.23 on Thursday. RXO, Inc. has a 1 year low of $16.94 and a 1 year high of $24.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 480.87, a P/E/G ratio of 7.21 and a beta of 1.08. The company has a 50 day simple moving average of $21.01 and a 200 day simple moving average of $20.86.
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RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. RXO had a net margin of 0.10% and a return on equity of 6.11%. The firm had revenue of $978.00 million for the quarter, compared to analyst estimates of $996.33 million. During the same period in the previous year, the firm posted $0.28 EPS. The company's revenue for the quarter was down 12.7% compared to the same quarter last year. Research analysts anticipate that RXO, Inc. will post 0.22 EPS for the current fiscal year.
Institutional Investors Weigh In On RXO
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in RXO by 16.3% during the 2nd quarter. BlackRock Inc. now owns 18,527,587 shares of the company's stock worth $420,020,000 after acquiring an additional 2,595,713 shares during the last quarter. State Street Corp boosted its stake in shares of RXO by 15.7% in the 2nd quarter. State Street Corp now owns 4,509,809 shares of the company's stock valued at $102,237,000 after purchasing an additional 610,359 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of RXO by 2.6% in the 1st quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company's stock valued at $57,871,000 after purchasing an additional 66,757 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of RXO by 34.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,059,826 shares of the company's stock valued at $40,453,000 after purchasing an additional 532,311 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of RXO by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,965,164 shares of the company's stock valued at $38,773,000 after purchasing an additional 23,497 shares during the last quarter. 92.73% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on RXO. Oppenheimer dropped their target price on shares of RXO from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, February 13th. TD Cowen boosted their target price on shares of RXO from $16.50 to $19.50 and gave the company a "market perform" rating in a research report on Friday, February 9th. Bank of America cut shares of RXO from a "buy" rating to a "neutral" rating and dropped their target price for the company from $25.00 to $22.00 in a research report on Thursday, February 8th. Stifel Nicolaus boosted their target price on shares of RXO from $20.00 to $22.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Finally, Vertical Research cut shares of RXO from a "buy" rating to a "hold" rating and set a $23.00 target price for the company. in a research report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $20.23.
Check Out Our Latest Stock Report on RXO
About RXO
(
Get Free Report)
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.
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