Perpetual Ltd Invests $375,000 in RXO, Inc. (NYSE:RXO)

Perpetual Ltd bought a new position in RXO, Inc. (NYSE:RXO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,734 shares of the company’s stock, valued at approximately $375,000.

Several other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of RXO by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after acquiring an additional 510 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after acquiring an additional 570 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of RXO by 4.9% in the third quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock worth $390,000 after acquiring an additional 650 shares in the last quarter. KBC Group NV grew its position in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after purchasing an additional 890 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in RXO during the third quarter valued at approximately $28,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price objective on shares of RXO in a research report on Monday, November 18th. Citigroup downgraded shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research report on Tuesday, November 12th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their price objective on shares of RXO from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, RXO presently has an average rating of “Hold” and a consensus price target of $26.79.

RXO Price Performance

Shares of RXO stock opened at $26.20 on Friday. The firm has a fifty day simple moving average of $26.54 and a 200-day simple moving average of $27.75. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO, Inc. has a 1-year low of $18.75 and a 1-year high of $32.82. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -13.23, a PEG ratio of 3.72 and a beta of 1.52.

RXO (NYSE:RXO) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. During the same period in the previous year, the company earned $0.05 earnings per share. RXO’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that RXO, Inc. will post 0.12 earnings per share for the current 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.