SG Americas Securities LLC Sells 257,761 Shares of Rxo Inc $RXO

SG Americas Securities LLC lessened its holdings in Rxo Inc (NYSE:RXO) by 80.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,083 shares of the company’s stock after selling 257,761 shares during the period. SG Americas Securities LLC’s holdings in RXO were worth $937,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Corient Private Wealth LLC bought a new position in RXO in the 4th quarter worth about $152,000. Attestor Capital Ltd bought a new stake in shares of RXO during the 4th quarter valued at about $3,610,000. Invesco Ltd. grew its holdings in shares of RXO by 22.6% during the fourth quarter. Invesco Ltd. now owns 1,172,748 shares of the company’s stock worth $14,824,000 after purchasing an additional 216,399 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of RXO by 41.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,436 shares of the company’s stock worth $195,000 after purchasing an additional 4,499 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of RXO in the fourth quarter worth approximately $129,000. Institutional investors own 92.73% of the company’s stock.

RXO Price Performance

Shares of RXO stock opened at $26.59 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. Rxo Inc has a 52-week low of $10.43 and a 52-week high of $29.86. The company has a fifty day moving average of $24.20 and a 200-day moving average of $18.12. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -43.59 and a beta of 2.03.

RXO (NYSE:RXO) last issued its earnings results on Thursday, May 7th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned ($0.03) EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Rxo Inc will post 0.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RXO. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 target price (up from $19.00) on shares of RXO in a research report on Thursday, May 7th. Bank of America lowered their price objective on shares of RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Stifel Nicolaus raised shares of RXO from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, May 15th. Wells Fargo & Company upped their target price on shares of RXO from $15.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Susquehanna increased their target price on RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.00.

RXO Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.