Capital International Ltd. CA Sells 9,662 Shares of XPO, Inc. $XPO

Capital International Ltd. CA trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 26.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,319 shares of the transportation company’s stock after selling 9,662 shares during the quarter. Capital International Ltd. CA’s holdings in XPO were worth $3,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors raised its stake in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. Invesco Ltd. raised its stake in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP raised its stake in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd raised its stake in shares of XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after acquiring an additional 452,891 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of XPO by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,117,422 shares of the transportation company’s stock valued at $287,841,000 after acquiring an additional 22,614 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on XPO shares. Susquehanna upped their price objective on shares of XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, March 10th. TD Cowen boosted their price target on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Benchmark boosted their price target on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.95.

XPO Price Performance

Shares of NYSE XPO opened at $219.07 on Monday. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $231.46. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average is $209.88 and its 200 day moving average is $180.50. The stock has a market capitalization of $25.72 billion, a P/E ratio of 75.02, a P/E/G ratio of 2.55 and a beta of 1.83.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. On average, sell-side analysts expect that XPO, Inc. will post 4.84 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.