Vaughan Nelson Investment Management L.P. Has $33.84 Million Stock Holdings in XPO, Inc. $XPO

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of XPO, Inc. (NYSE:XPO) by 9.5% in the first quarter, Holdings Channel.com reports. The fund owned 173,964 shares of the transportation company’s stock after selling 18,230 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in XPO were worth $33,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. Capital World Investors lifted its position in shares of XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the period. Invesco Ltd. increased its position 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 worth $810,249,000 after buying an additional 1,036,434 shares during the period. Durable Capital Partners LP increased its position 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 worth $559,905,000 after buying an additional 736,224 shares during the period. Orbis Allan Gray Ltd raised its stake in XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after buying an additional 261,935 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

XPO Stock Up 0.7%

XPO stock opened at $200.90 on Tuesday. The company has a market capitalization of $23.59 billion, a PE ratio of 68.80, a PEG ratio of 2.32 and a beta of 1.83. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05. The firm’s fifty day moving average is $213.28 and its 200 day moving average is $186.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the company posted $0.73 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that XPO, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XPO. JPMorgan Chase & Co. boosted their target price on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Oppenheimer lifted their price objective on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Susquehanna boosted their price objective on XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Morgan Stanley set a $105.00 price objective on XPO and gave the company an “underweight” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group upped their target price on XPO to $275.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.10.

XPO Company 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.