Insider Buying: RXO (NYSE:RXO) CEO Purchases 7,775 Shares of Stock

Rxo Inc (NYSE:RXO) CEO Andrew Wilkerson acquired 7,775 shares of RXO stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $12.88 per share, with a total value of $100,142.00. Following the transaction, the chief executive officer owned 7,775 shares in the company, valued at approximately $100,142. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

RXO Price Performance

Shares of RXO traded down $0.97 during mid-day trading on Monday, hitting $11.52. The company’s stock had a trading volume of 3,079,406 shares, compared to its average volume of 1,731,328. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a 50-day moving average price of $16.70 and a 200 day moving average price of $16.06. Rxo Inc has a fifty-two week low of $11.50 and a fifty-two week high of $31.11. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.79, a PEG ratio of 11.15 and a beta of 1.66.

RXO (NYSE:RXO) last issued its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a positive return on equity of 0.88% and a negative net margin of 1.25%.The company’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, research analysts predict that Rxo Inc will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC purchased a new stake in RXO in the 2nd quarter worth approximately $29,000. Geneos Wealth Management Inc. acquired a new position in shares of RXO in the first quarter worth $30,000. Larson Financial Group LLC raised its holdings in shares of RXO by 1,990.2% during the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock worth $33,000 after acquiring an additional 1,632 shares in the last quarter. CWM LLC boosted its position in RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company’s stock valued at $36,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in RXO by 27.0% during the third quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RXO. Barclays decreased their target price on RXO from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. boosted their price objective on RXO from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, October 8th. UBS Group reduced their price objective on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial dropped their target price on shares of RXO from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Susquehanna reduced their price target on shares of RXO from $11.00 to $10.00 and set a “negative” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, RXO has an average rating of “Reduce” and an average target price of $16.85.

About RXO

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.