X Square Capital LLC Makes New Investment in RXO, Inc. (NYSE:RXO)

X Square Capital LLC purchased a new position in shares of RXO, Inc. (NYSE:RXO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,918 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP raised its position in shares of RXO by 433.8% during the 1st quarter. GSA Capital Partners LLP now owns 56,002 shares of the company’s stock worth $1,225,000 after buying an additional 45,510 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of RXO in the 1st quarter worth approximately $542,000. Boston Partners raised its holdings in shares of RXO by 150.0% in the 1st quarter. Boston Partners now owns 42,526 shares of the company’s stock worth $930,000 after purchasing an additional 25,519 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of RXO by 225.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company’s stock worth $2,380,000 after purchasing an additional 75,395 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of RXO in the 1st quarter worth approximately $2,283,000. 92.73% of the stock is currently owned by institutional investors.

RXO Stock Performance

Shares of RXO opened at $28.33 on Thursday. The company’s 50 day moving average price is $27.86 and its 200 day moving average price is $25.09. RXO, Inc. has a 52 week low of $16.94 and a 52 week high of $32.82. The company has a market capitalization of $3.33 billion, a PE ratio of -314.78, a PEG ratio of 12.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17.

RXO (NYSE:RXO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. Research analysts expect that RXO, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Benchmark reiterated a “hold” rating on shares of RXO in a report on Tuesday, October 15th. TD Cowen boosted their target price on shares of RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. UBS Group boosted their price target on shares of RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of RXO from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.23.

RXO Company 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.