Kennedy Capital Management LLC Takes $9.10 Million Position in Rxo Inc $RXO

Kennedy Capital Management LLC acquired a new stake in shares of Rxo Inc (NYSE:RXO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 719,742 shares of the company’s stock, valued at approximately $9,098,000.

Other large investors have also made changes to their positions in the company. Finepoint Capital LP acquired a new position in shares of RXO during the third quarter valued at about $111,764,000. Public Sector Pension Investment Board raised its position in shares of RXO by 31.6% during the third quarter. Public Sector Pension Investment Board now owns 639,606 shares of the company’s stock valued at $9,837,000 after buying an additional 153,468 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of RXO by 20.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,110,413 shares of the company’s stock valued at $14,036,000 after buying an additional 190,583 shares during the last quarter. Vanguard Group Inc. raised its position in shares of RXO by 1.4% during the third quarter. Vanguard Group Inc. now owns 17,216,681 shares of the company’s stock valued at $264,793,000 after buying an additional 233,434 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its position in shares of RXO by 5,711.5% during the third quarter. Picton Mahoney Asset Management now owns 290,577 shares of the company’s stock valued at $4,470,000 after buying an additional 285,577 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

RXO Price Performance

Shares of RXO stock opened at $28.48 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of -46.69, a P/E/G ratio of 30.10 and a beta of 2.08. Rxo Inc has a 1-year low of $10.43 and a 1-year high of $29.86. The firm’s 50-day moving average price is $21.32 and its two-hundred day moving average price is $16.81.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, equities analysts predict that Rxo Inc will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RXO. Susquehanna upped their target price on shares of RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research note on Friday, May 8th. Barclays upped their target price on shares of RXO from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Truist Financial upped their target price on shares of RXO from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised shares of RXO from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.08.

RXO 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.