RXO, Inc. (NYSE:RXO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in RXO, Inc. (NYSE:RXO) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,204 shares of the company’s stock after selling 1,200 shares during the quarter. New York State Teachers Retirement System’s holdings in RXO were worth $3,142,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RXO. Swedbank AB acquired a new stake in RXO in the first quarter worth about $76,982,000. MFN Partners Management LP raised its position in shares of RXO by 19.8% during the 1st quarter. MFN Partners Management LP now owns 15,588,555 shares of the company’s stock worth $340,922,000 after buying an additional 2,580,330 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of RXO by 1,459.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock worth $42,574,000 after acquiring an additional 1,523,650 shares during the period. Motley Fool Asset Management LLC boosted its holdings in shares of RXO by 287.9% in the first quarter. Motley Fool Asset Management LLC now owns 1,582,324 shares of the company’s stock valued at $34,605,000 after acquiring an additional 1,174,361 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of RXO during the second quarter valued at approximately $19,965,000. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Price Performance

Shares of NYSE:RXO opened at $28.69 on Friday. The company has a market cap of $4.61 billion, a P/E ratio of -159.39, a price-to-earnings-growth ratio of 11.54 and a beta of 1.33. The company’s fifty day moving average is $27.81 and its two-hundred day moving average is $25.68. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. RXO, Inc. has a 12-month low of $17.29 and a 12-month high of $32.82.

RXO (NYSE:RXO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The firm had revenue of $930.00 million during the quarter, compared to the consensus estimate of $934.14 million. During the same period in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts expect that RXO, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RXO. JPMorgan Chase & Co. increased their price target on RXO from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. UBS Group boosted their price target on shares of RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Citigroup initiated coverage on shares of RXO in a report on Wednesday, October 9th. They issued a “buy” rating and a $33.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. Finally, TD Cowen raised their target price on shares of RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, RXO currently has an average rating of “Hold” and an average target price of $26.23.

RXO 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.