Holdings of RXO Inc. (RXO) are aligned with the stars

RXO Inc. (NYSE: RXO) stock jumped 2.30% on Tuesday to $20.45 against a previous-day closing price of $19.99. With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.95 million shares. During the session, the Trucking company that operates in wider Industrials sector, reached to the highest price of $20.62 whereas the lowest price it dropped to was $19.87. The 52-week range on RXO shows that it touched its highest point at $25.50 and its lowest point at $14.75 during that stretch. It currently has a 1-year price target of $22.67.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RXO was up-trending over the past week, with a rise of 6.79%, but this was up by 8.20% over a month. Three-month performance surged to 0.44% while six-month performance rose 6.73%. A look at the trailing 12-month EPS for RXO yields 0.46 with Next year EPS estimates of 0.93. For the next quarter, that number is 0.11. This implies an EPS growth rate of -39.00% for this year and 50.16% for next year.

Float and Shares Shorts:

At present, 116.60 million RXO shares are outstanding with a float of 116.22 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.16 million, which was 1.85% higher than short shares on Mar 30, 2023. In addition to Mr. Drew M. Wilkerson as the firm’s CEO & Director, Mr. James E. Harris serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 92.71% of RXO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.99% of RXO, in contrast to 40.59% held by mutual funds. Shares owned by individuals account for 12.46%. As the largest shareholder in RXO with 12.80% of the stake, Orbis Investment Management Ltd. holds 14,922,229 shares worth 14,922,229. A second-largest stockholder of RXO, BlackRock Fund Advisors, holds 14,650,511 shares, controlling over 12.57% of the firm’s shares. MFN Partners Management LP is the third largest shareholder in RXO, holding 12,675,369 shares or 10.87% stake. With a 7.25% stake in RXO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,454,581 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.09% of RXO stock, is the second-largest Mutual Fund holder. It holds 3,601,721 shares valued at 65.16 million. Orbis Global Equity Fund holds 2.72% of the stake in RXO, owning 3,174,941 shares worth 57.43 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, RXO reported revenue of $1.23B and operating income of $61.00M. The EBITDA in the recently reported quarter was $85.00M and diluted EPS was $0.38.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RXO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RXO analysts setting a high price target of $25.00 and a low target of $19.00, the average target price over the next 12 months is $22.58. Based on these targets, RXO could surge 22.25% to reach the target high and fall by -7.09% to reach the target low. Reaching the average price target will result in a growth of 10.42% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded RXO stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 4,350 shares were bought while 1,924 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 124,121 while 115,169,643 shares were sold.

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