PDT Partners LLC Has $1.38 Million Stake in RXO, Inc. (NYSE:RXO)

PDT Partners LLC lowered its holdings in shares of RXO, Inc. (NYSE:RXO) by 52.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,109 shares of the company’s stock after selling 53,164 shares during the quarter. PDT Partners LLC’s holdings in RXO were worth $1,375,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MFN Partners Management LP boosted its stake in RXO by 11.0% in the 2nd quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock worth $452,679,000 after purchasing an additional 1,722,301 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of RXO by 1,459.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company’s stock worth $42,574,000 after buying an additional 1,523,650 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in RXO in the 3rd quarter valued at approximately $27,964,000. Driehaus Capital Management LLC bought a new stake in RXO in the 2nd quarter valued at approximately $19,965,000. Finally, Victory Capital Management Inc. lifted its stake in RXO by 1,772.4% in the 3rd quarter. Victory Capital Management Inc. now owns 761,230 shares of the company’s stock valued at $21,314,000 after acquiring an additional 720,574 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of RXO in a report on Tuesday, October 15th. TD Cowen boosted their price target on shares of RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased 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. Jefferies Financial Group lowered their target price on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Morgan Stanley increased their price target on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, RXO currently has an average rating of “Hold” and a consensus price target of $26.47.

RXO Trading Up 0.9 %

RXO stock opened at $30.15 on Monday. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -15.23, a price-to-earnings-growth ratio of 16.24 and a beta of 1.33. The company has a fifty day moving average price of $28.43 and a two-hundred day moving average price of $26.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33.

RXO (NYSE:RXO) last announced its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The business 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%. RXO’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. Equities analysts anticipate that RXO, Inc. will post 0.12 EPS 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.