Landscape Capital Management L.L.C. Buys Shares of 9,941 RXO, Inc. (NYSE:RXO)

Landscape Capital Management L.L.C. bought a new stake in RXO, Inc. (NYSE:RXO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,941 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors also recently made changes to their positions in RXO. MFN Partners Management LP increased its stake in shares of RXO by 11.0% in the second quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock valued at $452,679,000 after purchasing an additional 1,722,301 shares during the period. Vanguard Group Inc. grew its holdings in RXO by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 13,294,483 shares of the company’s stock worth $290,750,000 after buying an additional 45,977 shares in the last quarter. Swedbank AB acquired a new stake in RXO in the 1st quarter valued at approximately $76,982,000. Douglas Lane & Associates LLC increased its position in RXO by 2.0% in the 2nd quarter. Douglas Lane & Associates LLC now owns 2,698,525 shares of the company’s stock valued at $70,566,000 after acquiring an additional 52,378 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in RXO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock valued at $53,153,000 after acquiring an additional 176,041 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on RXO. Oppenheimer reiterated an “outperform” rating and set a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Morgan Stanley raised their target price on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. 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 report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, RXO currently has a consensus rating of “Hold” and an average price target of $26.47.

RXO Stock Up 1.6 %

Shares of RXO stock opened at $28.36 on Monday. The stock has a market cap of $4.56 billion, a P/E ratio of -14.32, a price-to-earnings-growth ratio of 15.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a fifty day moving average price of $28.02 and a 200 day moving average price of $26.40. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82.

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

RXO Company Profile

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.