Hantz Financial Services Inc. Acquires Shares of 14,241 RXO, Inc. (NYSE:RXO)

Hantz Financial Services Inc. bought a new position in RXO, Inc. (NYSE:RXO) during the third quarter, Holdings Channel.com reports. The firm bought 14,241 shares of the company’s stock, valued at approximately $399,000.

Other institutional investors also recently modified their holdings of the company. MFN Partners Management LP lifted its holdings in RXO by 11.0% during the second quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock worth $452,679,000 after acquiring an additional 1,722,301 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of RXO by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock worth $57,915,000 after purchasing an additional 136,886 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of RXO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock worth $53,153,000 after buying an additional 176,041 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in RXO by 14.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,867,080 shares of the company’s stock valued at $52,278,000 after buying an additional 239,000 shares during the period. Finally, Primecap Management Co. CA increased its holdings in RXO by 20.7% during the second quarter. Primecap Management Co. CA now owns 1,020,900 shares of the company’s stock worth $26,697,000 after buying an additional 175,300 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Price Performance

RXO stock opened at $30.15 on Monday. The firm has a 50 day moving average of $28.43 and a 200-day moving average of $26.69. The firm has a market capitalization of $4.85 billion, a P/E ratio of -15.23, a price-to-earnings-growth ratio of 16.24 and a beta of 1.33. RXO, Inc. has a 12 month low of $18.75 and a 12 month high of $32.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

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

Analyst Ratings Changes

A number of research analysts have weighed in on RXO shares. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. TD Cowen increased their price objective on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 8th. UBS Group boosted their target price on RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $31.00 price target on shares of RXO in a research note on Monday, November 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, RXO currently has a consensus rating of “Hold” and an average price target of $26.47.

RXO 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.