New Age Alpha Advisors LLC Purchases Shares of 297,957 Rxo Inc $RXO

New Age Alpha Advisors LLC acquired a new stake in Rxo Inc (NYSE:RXO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 297,957 shares of the company’s stock, valued at approximately $3,766,000. New Age Alpha Advisors LLC owned approximately 0.18% of RXO at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the 1st quarter valued at $30,000. Flagship Harbor Advisors LLC acquired a new stake in shares of RXO in the 4th quarter valued at $25,000. Quarry LP acquired a new stake in shares of RXO in the 3rd quarter valued at $33,000. Larson Financial Group LLC raised its holdings in shares of RXO by 146.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of RXO by 27.0% in the 3rd 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 in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Price Performance

Shares of NYSE:RXO opened at $24.49 on Tuesday. The company’s fifty day moving average price is $17.54 and its 200 day moving average price is $15.32. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $25.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $4.04 billion, a P/E ratio of -40.15, a P/E/G ratio of 25.87 and a beta of 1.96.

RXO (NYSE:RXO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned ($0.03) EPS. RXO’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. TD Cowen raised their price objective on shares of RXO from $14.00 to $21.00 and gave the company a “hold” rating in a report on Friday, May 8th. Stifel Nicolaus upgraded shares of RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, May 15th. UBS Group raised their price objective on shares of RXO from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of RXO from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.08.

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.