Key Points
- Director Troy Cooper purchased 8,317 RXO shares at an average price of $10.61 on Nov 20, spending $88,243.37 and raising his stake to 275,416 shares (a 3.11% increase).
- RXO reported revenue up 34.6% year-over-year to $1.42 billion but missed EPS estimates ($0.01 vs. $0.03), leaving a negative net margin and a negative P/E ratio.
- Analyst coverage is mixed with an average rating of "Hold" and an average target price of $16.69, while the stock trades near $12.13 and sits well below its 50- and 200-day moving averages and its 52-week high of $31.11.
Rxo Inc (NYSE:RXO - Get Free Report) Director Troy Cooper acquired 8,317 shares of RXO stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $10.61 per share, for a total transaction of $88,243.37. Following the purchase, the director owned 275,416 shares in the company, valued at approximately $2,922,163.76. The trade was a 3.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
RXO Stock Up 5.8%
NYSE RXO opened at $12.13 on Tuesday. The stock has a 50 day moving average price of $15.53 and a 200-day moving average price of $15.86. Rxo Inc has a one year low of $10.43 and a one year high of $31.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $1.99 billion, a P/E ratio of -28.21 and a beta of 1.66.
RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings results 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). RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. The company's revenue for the quarter was up 34.6% on a year-over-year basis. As a group, equities analysts predict that Rxo Inc will post 0.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on RXO shares. Zacks Research cut shares of RXO from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their price objective on RXO from $15.00 to $16.00 and gave the company an "underweight" rating in a research report on Wednesday, October 8th. Wall Street Zen cut RXO from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Truist Financial decreased their price target on RXO from $22.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, November 7th. Finally, Morgan Stanley raised shares of RXO from an "equal weight" rating to an "overweight" rating and set a $19.00 price objective for the company in a research note on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, RXO presently has an average rating of "Hold" and an average target price of $16.69.
View Our Latest Research Report on RXO
Institutional Investors Weigh In On RXO
Hedge funds and other institutional investors have recently modified their holdings of the business. Yousif Capital Management LLC lifted its holdings in RXO by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 53,228 shares of the company's stock valued at $837,000 after buying an additional 631 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of RXO by 6.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company's stock worth $176,000 after acquiring an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of RXO by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company's stock worth $345,000 after acquiring an additional 661 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RXO by 25.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company's stock valued at $54,000 after acquiring an additional 688 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of RXO by 0.6% in the third quarter. New York State Teachers Retirement System now owns 116,604 shares of the company's stock valued at $1,793,000 after purchasing an additional 700 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
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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