Deutsche Bank AG Sells 7,525 Shares of Rxo Inc $RXO

Deutsche Bank AG trimmed its position in Rxo Inc (NYSE:RXO) by 5.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 130,909 shares of the company’s stock after selling 7,525 shares during the quarter. Deutsche Bank AG’s holdings in RXO were worth $2,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RXO. Larson Financial Group LLC grew its stake in RXO by 1,990.2% in the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company’s stock valued at $33,000 after acquiring an additional 1,632 shares during the period. CWM LLC lifted its holdings in shares of RXO by 234.4% in the 1st quarter. CWM LLC now owns 1,876 shares of the company’s stock worth $36,000 after purchasing an additional 1,315 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in RXO by 52.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company’s stock valued at $52,000 after purchasing an additional 945 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in RXO by 25.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,797 shares of the company’s stock worth $130,000 after buying an additional 1,398 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of RXO by 37.2% in the fourth quarter. Mackenzie Financial Corp now owns 9,967 shares of the company’s stock valued at $238,000 after buying an additional 2,700 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Trading Up 2.6%

NYSE RXO opened at $15.2730 on Wednesday. The business’s fifty day moving average is $15.96 and its 200-day moving average is $16.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -7.07, a PEG ratio of 7.08 and a beta of 1.68. Rxo Inc has a one year low of $12.19 and a one year high of $31.98.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. The firm’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. Equities research analysts predict that Rxo Inc will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on RXO. Wall Street Zen raised shares of RXO from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. The Goldman Sachs Group decreased their price objective on RXO from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Wells Fargo & Company dropped their target price on RXO from $20.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. UBS Group reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $14.00) on shares of RXO in a research report on Friday, August 8th. Finally, Susquehanna set a $12.00 price target on RXO and gave the company a “neutral” rating in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RXO currently has an average rating of “Hold” and an average target price of $17.93.

About RXO

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.