RXO, Inc. (NYSE:RXO - Get Free Report) major shareholder Mfn Partners, Lp purchased 870,000 shares of the business's stock in a transaction on Thursday, April 18th. The stock was bought at an average cost of $19.52 per share, with a total value of $16,982,400.00. Following the purchase, the insider now owns 16,675,369 shares in the company, valued at $325,503,202.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Mfn Partners, Lp also recently made the following trade(s):
- On Tuesday, April 16th, Mfn Partners, Lp bought 35,985 shares of RXO stock. The stock was bought at an average price of $20.22 per share, with a total value of $727,616.70.
- On Friday, April 12th, Mfn Partners, Lp bought 5,139 shares of RXO stock. The stock was bought at an average cost of $20.39 per share, with a total value of $104,784.21.
- On Thursday, February 8th, Mfn Partners, Lp purchased 919,720 shares of RXO stock. The stock was bought at an average cost 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 shares were purchased at an average price of $20.25 per share, for a total transaction of $15,135,336.00.
RXO Trading Up 2.3 %
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RXO stock opened at $19.37 on Friday. RXO, Inc. has a one year low of $16.94 and a one year high of $24.33. The business's fifty day moving average is $20.95 and its 200 day moving average is $20.85. The stock has a market capitalization of $2.28 billion, a PE ratio of 484.37, a price-to-earnings-growth ratio of 6.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.
RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.06 EPS 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 during the quarter, compared to analyst estimates of $996.33 million. During the same period in the previous year, the business posted $0.28 earnings per share. The business's revenue for the quarter was down 12.7% on a year-over-year basis. On average, sell-side analysts predict that RXO, Inc. will post 0.22 EPS for the current year.
Institutional Investors Weigh In On RXO
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in RXO by 16.3% during the second quarter. BlackRock Inc. now owns 18,527,587 shares of the company's stock valued at $420,020,000 after acquiring an additional 2,595,713 shares during the last quarter. State Street Corp lifted 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 worth $102,237,000 after purchasing an additional 610,359 shares during the period. Douglas Lane & Associates LLC lifted 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 worth $57,871,000 after purchasing an additional 66,757 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of RXO by 34.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,059,826 shares of the company's stock worth $40,453,000 after buying an additional 532,311 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in RXO by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,965,164 shares of the company's stock valued at $38,773,000 after buying an additional 23,497 shares during the last quarter. Institutional investors own 92.73% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on RXO shares. Oppenheimer dropped their price target on RXO from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 13th. 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 report on Wednesday, January 10th. Vertical Research lowered shares of RXO from a "buy" rating to a "hold" rating and set a $23.00 price target for the company. in a research note on Wednesday, January 10th. Bank of America cut shares of RXO from a "buy" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $22.00 in a research report on Thursday, February 8th. Finally, TD Cowen raised their target price on shares of RXO from $16.50 to $19.50 and gave the company a "market perform" rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.23.
View Our Latest Stock Report on RXO
RXO Company Profile
(
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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