RXO, Inc. (NYSE:RXO - Get Free Report) major shareholder Mfn Partners, Lp purchased 105,065 shares of RXO stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $20.07 per share, for a total transaction of $2,108,654.55. Following the transaction, the insider now owns 17,280,434 shares in the company, valued at approximately $346,818,310.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Mfn Partners, Lp also recently made the following trade(s):
- On Wednesday, April 24th, Mfn Partners, Lp bought 100,000 shares of RXO stock. The shares were acquired at an average cost of $19.44 per share, with a total value of $1,944,000.00.
- On Monday, April 22nd, Mfn Partners, Lp acquired 11,449 shares of RXO stock. The shares were acquired at an average cost of $19.48 per share, with a total value of $223,026.52.
- On Thursday, April 18th, Mfn Partners, Lp bought 870,000 shares of RXO stock. The stock was bought at an average cost of $19.52 per share, for a total transaction of $16,982,400.00.
- On Tuesday, April 16th, Mfn Partners, Lp purchased 35,985 shares of RXO stock. The shares were 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 acquired 5,139 shares of RXO stock. The shares were 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 shares were purchased at an average price of $21.04 per share, for a total transaction of $19,350,908.80.
RXO Stock Performance
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NYSE:RXO opened at $20.54 on Tuesday. RXO, Inc. has a 12 month low of $16.94 and a 12 month high of $24.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.14 and a quick ratio of 1.17. The firm has a market capitalization of $2.41 billion, a PE ratio of -228.17, a price-to-earnings-growth ratio of 7.91 and a beta of 1.24. The business's fifty day moving average price is $20.58 and its 200 day moving average price is $20.91.
RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $913.00 million for the quarter, compared to the consensus estimate of $929.50 million. RXO had a positive return on equity of 3.23% and a negative net margin of 0.29%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. On average, sell-side analysts anticipate that RXO, Inc. will post 0.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of RXO. Douglas Lane & Associates LLC increased its position in shares of RXO by 10.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 2,579,390 shares of the company's stock worth $59,997,000 after purchasing an additional 248,883 shares in the last quarter. Nisa Investment Advisors LLC raised its position in RXO by 65.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,863 shares of the company's stock valued at $135,000 after purchasing an additional 2,718 shares during the last quarter. Barclays PLC grew its position in RXO by 299.9% during the 3rd quarter. Barclays PLC now owns 270,766 shares of the company's stock worth $5,343,000 after purchasing an additional 203,052 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of RXO by 325.2% in the third quarter. GSA Capital Partners LLP now owns 55,077 shares of the company's stock valued at $1,087,000 after buying an additional 42,123 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its stake in shares of RXO by 151.5% during the third quarter. Motley Fool Asset Management LLC now owns 403,658 shares of the company's stock worth $7,964,000 after buying an additional 243,137 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on RXO. Oppenheimer dropped their target price on RXO from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, February 13th. Stephens reaffirmed an "equal weight" rating and set a $22.00 target price on shares of RXO in a research note on Monday. Vertical Research lowered shares of RXO from a "buy" rating to a "hold" rating and set a $23.00 target price on the stock. in a report on Wednesday, January 10th. TD Cowen boosted their price target on shares of RXO from $19.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday. Finally, Stifel Nicolaus increased their price objective on RXO from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.55.
Check Out Our Latest Analysis 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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