Life Planning Partners Inc Purchases New Stake in RXO, Inc. (NYSE:RXO)

Life Planning Partners Inc purchased a new position in RXO, Inc. (NYSE:RXO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 157,797 shares of the company’s stock, valued at approximately $3,762,000.

Other hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in shares of RXO in the third quarter worth about $27,964,000. Zimmer Partners LP bought a new position in RXO in the third quarter worth about $22,680,000. Franklin Resources Inc. purchased a new stake in RXO in the third quarter worth about $22,344,000. Victory Capital Management Inc. boosted its position in RXO by 1,772.4% during 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. Finally, State Street Corp grew its holdings in shares of RXO by 13.3% during the 3rd quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after acquiring an additional 602,741 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Stock Up 5.5 %

RXO stock opened at $20.95 on Friday. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82. The stock has a fifty day moving average of $24.92 and a 200 day moving average of $27.18. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The stock has a market cap of $3.37 billion, a PE ratio of -9.88, a price-to-earnings-growth ratio of 3.63 and a beta of 1.53.

RXO (NYSE:RXO) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, sell-side analysts predict that RXO, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Susquehanna dropped their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company cut their price objective on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Finally, Jefferies Financial Group cut their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, RXO has an average rating of “Hold” and a consensus target price of $26.46.

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.