Rxo Inc. (RXO)

Charles Schwab Investment Management Inc. Has $42.42 Million Holdings in RXO, Inc. (NYSE:RXO)

Charles Schwab Investment Management Inc. grew its position in shares of RXO, Inc. (NYSE:RXO – Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,823,519 shares of the company’s stock after buying an additional 141,056 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.56% of RXO worth $42,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in RXO in the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC boosted its stake in shares of RXO by 6,329.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,993 shares of the company’s stock worth $39,000 after acquiring an additional 1,962 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in shares of RXO in the 3rd quarter valued at approximately $45,000. International Assets Investment Management LLC raised its stake in shares of RXO by 2,008.5% in the 4th quarter. International Assets Investment Management LLC now owns 5,187 shares of the company’s stock valued at $121,000 after acquiring an additional 4,941 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in RXO by 65.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,863 shares of the company’s stock worth $135,000 after purchasing an additional 2,718 shares during the last quarter. Institutional investors own 92.73% of the company’s stock. RXO Stock Down 2.6 % RXO opened at $20.58 on Monday. The company has a market capitalization of $2.42 billion, a P/E ratio of -228.67, a P/E/G ratio of 7.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average price is $20.56 and its two-hundred day moving average price is $21.10. RXO, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $24.33. RXO (NYSE:RXO – Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. RXO had a negative net margin of 0.29% and a positive return on equity of 3.23%. The business had revenue of $913.00 million for the quarter, compared to analyst estimates of $929.50 million. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue was down 9.6% on a year-over-year basis. On average, analysts anticipate that RXO, Inc. will post 0.2 EPS for the current year. Insider Buying and Selling at RXO In related news, major shareholder Mfn Partners, Lp bought 870,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of $19.52 per share, with a total value of $16,982,400.00. Following the acquisition, the insider now owns 16,675,369 shares in the company, valued at approximately $325,503,202.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have purchased 1,128,060 shares of company stock valued at $22,099,090. 1.80% of the stock is currently owned by corporate insiders. Analyst Upgrades and Downgrades RXO has been the topic of a number of recent analyst reports. Susquehanna lifted their price target on shares of RXO from $15.00 to $16.00 and gave the company a “negative” rating in a research report on Monday, March 25th. Bank of America lowered RXO from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $22.00 in a research note on Thursday, February 8th. TD Cowen raised their target price on RXO from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Raymond James initiated coverage on RXO in a report on Wednesday, May 15th. They set a “market perform” rating for the company. Finally, Stephens reissued an “equal weight” rating and issued a $22.00 price objective on shares of RXO in a research report on Monday, May 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, RXO currently has an average rating of “Hold” and a consensus target price of $20.55. View Our Latest Stock Report on RXO RXO Company Profile (Free Report) 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.