Janus Henderson Group PLC Has $1.30 Million Stock Position in RXO, Inc. (NYSE:RXO)

Janus Henderson Group PLC lowered its stake in shares of RXO, Inc. (NYSE:RXO) by 16.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 46,537 shares of the company’s stock after selling 9,200 shares during the quarter. Janus Henderson Group PLC’s holdings in RXO were worth $1,302,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HighVista Strategies LLC purchased a new stake in shares of RXO during the third quarter valued at approximately $1,288,000. Aureus Asset Management LLC bought a new stake in shares of RXO during the 3rd quarter valued at $280,000. Fred Alger Management LLC grew its stake in RXO by 31.9% during the third quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock valued at $49,031,000 after acquiring an additional 423,822 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of RXO in the 3rd quarter valued at about $1,149,000. Finally, Hantz Financial Services Inc. purchased a new stake in RXO in the third quarter valued at approximately $399,000. Institutional investors own 92.73% of the company’s stock.

RXO Price Performance

Shares of NYSE RXO opened at $27.29 on Friday. The firm has a market cap of $4.39 billion, a P/E ratio of -13.78, a PEG ratio of 16.74 and a beta of 1.32. RXO, Inc. has a twelve month low of $18.75 and a twelve month high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $28.70 and a 200 day moving average of $27.21.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price target on shares of RXO in a research note on Monday, November 18th. Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Susquehanna decreased their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $31.00 price objective on shares of RXO in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.