Aureus Asset Management LLC Purchases New Shares in RXO, Inc. (NYSE:RXO)

Aureus Asset Management LLC acquired a new stake in RXO, Inc. (NYSE:RXO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $280,000.

Several other large investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in shares of RXO by 31.9% in the third quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock valued at $49,031,000 after acquiring an additional 423,822 shares during the period. Verition Fund Management LLC bought a new stake in RXO in the 3rd quarter valued at about $1,149,000. Hantz Financial Services Inc. bought a new stake in RXO in the 3rd quarter valued at about $399,000. Northwest & Ethical Investments L.P. acquired a new position in shares of RXO during the 3rd quarter worth approximately $249,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of RXO by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 247,588 shares of the company’s stock worth $6,932,000 after purchasing an additional 4,415 shares during the period. Institutional investors own 92.73% of the company’s stock.

RXO Stock Down 0.4 %

Shares of NYSE:RXO opened at $30.03 on Tuesday. RXO, Inc. has a 52-week low of $18.75 and a 52-week high of $32.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $28.43 and a 200-day moving average of $26.73.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on RXO. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Jefferies Financial Group reduced their target price on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. UBS Group raised their price target on RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Susquehanna reduced their price objective on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research note on Tuesday, November 12th. Finally, Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.47.

About RXO

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.