Public Sector Pension Investment Board Purchases 32,500 Shares of RXO, Inc. (NYSE:RXO)

Public Sector Pension Investment Board boosted its position in RXO, Inc. (NYSE:RXO) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,102 shares of the company’s stock after acquiring an additional 32,500 shares during the period. Public Sector Pension Investment Board owned 0.18% of RXO worth $8,151,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RXO. MFN Partners Management LP grew its holdings in RXO by 11.0% in the 2nd quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock worth $452,679,000 after acquiring an additional 1,722,301 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in 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 last quarter. Loomis Sayles & Co. L P bought a new stake in RXO in the 3rd quarter worth $27,964,000. Driehaus Capital Management LLC bought a new stake in RXO in the 2nd quarter worth $19,965,000. Finally, Victory Capital Management Inc. grew its holdings in RXO by 1,772.4% in the 3rd quarter. Victory Capital Management Inc. now owns 761,230 shares of the company’s stock worth $21,314,000 after acquiring an additional 720,574 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RXO shares. Oppenheimer reiterated an “outperform” rating and set a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. UBS Group boosted their price target on shares of RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of RXO in a research report on Monday, November 18th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of RXO from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.47.

RXO Trading Up 0.9 %

Shares of NYSE RXO opened at $30.15 on Friday. The firm’s 50 day moving average price is $28.35 and its 200-day moving average price is $26.58. The company has a market cap of $4.85 billion, a PE ratio of -15.23, a P/E/G ratio of 16.10 and a beta of 1.33. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

RXO (NYSE:RXO) last issued its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts expect that RXO, Inc. will post 0.12 EPS for the current fiscal year.

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.