XPO, Inc. $XPO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of XPO, Inc. (NYSE:XPO) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 727,102 shares of the transportation company’s stock after selling 36,901 shares during the period. Bank of New York Mellon Corp’s holdings in XPO were worth $91,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Greenleaf Trust boosted its stake in XPO by 212.2% during the first quarter. Greenleaf Trust now owns 7,411 shares of the transportation company’s stock valued at $797,000 after buying an additional 5,037 shares in the last quarter. State of Michigan Retirement System lifted its holdings in XPO by 1.8% in the 1st quarter. State of Michigan Retirement System now owns 28,042 shares of the transportation company’s stock valued at $3,017,000 after acquiring an additional 500 shares during the last quarter. Xponance Inc. boosted its position in shares of XPO by 2.5% during the 1st quarter. Xponance Inc. now owns 24,078 shares of the transportation company’s stock valued at $2,590,000 after purchasing an additional 591 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of XPO by 5.4% in the 1st quarter. New York State Common Retirement Fund now owns 62,054 shares of the transportation company’s stock worth $6,676,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of XPO by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the transportation company’s stock worth $3,529,000 after purchasing an additional 500 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI increased their price objective on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Susquehanna reaffirmed a “positive” rating and set a $162.00 target price on shares of XPO in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research note on Wednesday, October 8th. Truist Financial set a $145.00 price objective on XPO in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.40.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.

XPO Price Performance

NYSE XPO opened at $140.76 on Friday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock’s 50-day moving average is $131.42 and its two-hundred day moving average is $125.89. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a market cap of $16.52 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm had revenue of ($2,243.00) million for the quarter. On average, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.