RXO (NYSE:RXO) Reaches New 52-Week High at $26.27

RXO, Inc. (NYSE:RXO)’s stock price hit a new 52-week high on Monday . The stock traded as high as $26.27 and last traded at $26.27, with a volume of 1764 shares. The stock had previously closed at $26.15.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Susquehanna boosted their price objective on shares of RXO from $15.00 to $16.00 and gave the stock a “negative” rating in a research report on Monday, March 25th. Raymond James assumed coverage on shares of RXO in a research report on Wednesday, May 15th. They set a “market perform” rating for the company. TD Cowen boosted their price objective on shares of RXO from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Benchmark restated a “hold” rating on shares of RXO in a research report on Wednesday, June 12th. Finally, Stephens restated an “equal weight” rating and set a $22.00 price objective on shares of RXO in a research report on Monday, May 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, RXO has a consensus rating of “Hold” and a consensus price target of $19.90.

RXO Stock Up 0.1 %

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -300.33, a PEG ratio of 9.87 and a beta of 1.40. The firm’s 50 day simple moving average is $21.04 and its 200-day simple moving average is $21.39.

RXO (NYSE:RXO) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $913.00 million for the quarter, compared to analysts’ expectations of $929.50 million. RXO had a negative net margin of 0.29% and a positive return on equity of 3.23%. RXO’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. On average, sell-side analysts anticipate that RXO, Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at RXO

In other news, major shareholder Mfn Partners, Lp acquired 35,985 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $20.22 per share, with a total value of $727,616.70. Following the purchase, the insider now owns 15,629,679 shares of the company’s stock, valued at approximately $316,032,109.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 1,128,060 shares of company stock valued at $22,099,090. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On RXO

A number of large investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund increased its holdings in shares of RXO by 0.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 69,190 shares of the company’s stock valued at $1,513,000 after purchasing an additional 543 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of RXO by 1.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,904 shares of the company’s stock valued at $1,231,000 after purchasing an additional 820 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of RXO by 2.4% in the 4th quarter. Hohimer Wealth Management LLC now owns 46,405 shares of the company’s stock valued at $1,079,000 after purchasing an additional 1,109 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of RXO in the 4th quarter valued at about $27,000. Finally, Texas Permanent School Fund Corp increased its holdings in shares of RXO by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 102,420 shares of the company’s stock valued at $2,240,000 after purchasing an additional 1,348 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Company 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.