Sei Investments Co. Increases Stock Holdings in Rxo Inc $RXO

Sei Investments Co. increased its stake in shares of Rxo Inc (NYSE:RXO) by 71.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 133,339 shares of the company’s stock after acquiring an additional 55,680 shares during the quarter. Sei Investments Co.’s holdings in RXO were worth $1,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new position in RXO during the 4th quarter valued at $25,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of RXO in the 1st quarter worth $29,000. Geneos Wealth Management Inc. bought a new stake in shares of RXO in the 1st quarter worth $30,000. Quarry LP purchased a new stake in shares of RXO in the third quarter valued at about $33,000. Finally, Larson Financial Group LLC raised its holdings in shares of RXO by 146.5% in the third 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 during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

RXO Trading Up 0.4%

NYSE:RXO opened at $21.79 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.59 billion, a PE ratio of -35.72 and a beta of 2.10. The firm’s 50 day moving average is $26.10 and its 200 day moving average is $20.13. Rxo Inc has a 12 month low of $10.43 and a 12 month high of $29.90.

RXO (NYSE:RXO) last released its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share. Sell-side analysts expect that Rxo Inc will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RXO shares. Citizens Jmp upgraded shares of RXO from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Friday. Citigroup upgraded shares of RXO from a “market perform” rating to an “outperform” rating in a research note on Friday. TD Cowen dropped their target price on shares of RXO from $19.00 to $17.50 and set a “sell” rating on the stock in a research report on Friday. UBS Group cut their target price on RXO from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 target price (up from $19.00) on shares of RXO in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.85.

Key RXO News

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO highlighted market-share gains and profitable volume growth, including a 2% increase in truckload brokerage volume and a record sequential improvement in gross profit per load. Market Share Gains and Improved Profitability Drive Strong Second-Quarter Results for RXO
• Positive Sentiment: The earnings and revenue beats, along with stronger-than-expected operating metrics, helped drive investor enthusiasm and a positive premarket reaction. RXO Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Citizens JMP upgraded RXO from “market perform” to “outperform” and set a $30 price target, while Truist maintained a “buy” rating with a $28 target, both implying meaningful potential upside. Analyst Ratings
• Neutral Sentiment: Citi lowered its price target from $30 to $23 and shifted to a “neutral” rating, reflecting more cautious expectations despite the quarterly beat. Citi Analyst Action
• Negative Sentiment: Some analysis argues that RXO’s strong revenue growth was driven largely by higher freight rates and fuel prices, while gross profit declined and adjusted EBITDA remained flat. Rising working-capital requirements and leverage also raise concerns about the quality and durability of the recovery. RXO Still Unable To Capture Upcycle Economics

About RXO

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.