Kennedy Capital Management LLC Buys Shares of 719,742 Rxo Inc $RXO

Kennedy Capital Management LLC bought a new stake in shares of Rxo Inc (NYSE:RXO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 719,742 shares of the company’s stock, valued at approximately $9,098,000. Kennedy Capital Management LLC owned 0.44% of RXO as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of RXO during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of RXO during the 1st quarter valued at $30,000. Quarry LP acquired a new stake in shares of RXO during the 3rd quarter valued at $33,000. Larson Financial Group LLC lifted its stake in shares of RXO by 146.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after purchasing an additional 701 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 price objective (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of RXO in a research note on Friday, May 8th. TD Cowen lifted their price objective on shares of RXO from $14.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Susquehanna lifted their price objective on shares of RXO from $14.00 to $18.00 and gave the company a “negative” rating in a research note on Friday, May 8th. Finally, Zacks Research raised shares of RXO from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.08.

RXO Stock Up 0.5%

RXO stock opened at $28.48 on Monday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -46.69, a P/E/G ratio of 30.10 and a beta of 2.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27. Rxo Inc has a fifty-two week low of $10.43 and a fifty-two week high of $29.86. The firm has a fifty day moving average price of $21.32 and a two-hundred day moving average price of $16.81.

RXO (NYSE:RXO) last released its earnings results on Thursday, May 7th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.34 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. As a group, analysts forecast that Rxo Inc will post 0.06 earnings per share for the current year.

About RXO

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.