Emerald Advisers LLC Has $23.87 Million Stake in RXO, Inc. (NYSE:RXO)

Emerald Advisers LLC lifted its holdings in RXO, Inc. (NYSE:RXO) by 92.3% during the 3rd quarter, Holdings Channel reports. The fund owned 852,441 shares of the company’s stock after acquiring an additional 409,055 shares during the quarter. Emerald Advisers LLC’s holdings in RXO were worth $23,868,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RXO. Emerald Mutual Fund Advisers Trust grew its holdings in RXO by 66.7% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 593,663 shares of the company’s stock worth $16,623,000 after acquiring an additional 237,637 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of RXO by 12.5% during the third quarter. Louisiana State Employees Retirement System now owns 66,500 shares of the company’s stock valued at $1,862,000 after purchasing an additional 7,400 shares during the last quarter. X Square Capital LLC acquired a new stake in shares of RXO in the third quarter valued at approximately $250,000. International Assets Investment Management LLC raised its position in RXO by 2,700.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,244 shares of the company’s stock worth $175,000 after purchasing an additional 6,021 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in RXO during the 3rd quarter worth $342,000. 92.73% of the stock is currently owned by institutional investors.

RXO Stock Down 0.9 %

RXO stock traded down $0.26 during mid-day trading on Friday, hitting $27.93. 701,941 shares of the company were exchanged, compared to its average volume of 725,159. 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, Inc. has a 1-year low of $17.17 and a 1-year high of $32.82. The firm’s 50 day simple moving average is $27.78 and its 200 day simple moving average is $25.45. The firm has a market cap of $4.49 billion, a P/E ratio of -155.16, a P/E/G ratio of 12.29 and a beta of 1.33.

RXO (NYSE:RXO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $930.00 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. On average, sell-side analysts predict that RXO, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and issued a $31.00 target price on shares of RXO in a research note on Tuesday, September 17th. Susquehanna dropped their price objective on RXO from $20.00 to $16.00 and set a “negative” rating for the company in a report on Thursday, September 26th. UBS Group boosted their price target on shares of RXO from $22.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. TD Cowen upped their target price on shares of RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.23.

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.