Wellington Management Group LLP Has $43.71 Million Stake in XPO, Inc. $XPO

Wellington Management Group LLP lowered its position in shares of XPO, Inc. (NYSE:XPO) by 39.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,912 shares of the transportation company’s stock after selling 137,092 shares during the quarter. Wellington Management Group LLP’s holdings in XPO were worth $43,709,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in shares of XPO in the 4th quarter valued at about $28,000. Keating Financial Advisory Services Inc. acquired a new stake in XPO in the second quarter worth $32,000. Transamerica Financial Advisors LLC bought a new stake in XPO in the second quarter valued at $32,000. Horizon Investments LLC bought a new stake in XPO in the third quarter valued at $39,000. Finally, International Assets Investment Management LLC acquired a new position in shares of XPO during the fourth quarter valued at about $41,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 0.5%

Shares of XPO stock opened at $184.96 on Friday. The company has a market capitalization of $21.66 billion, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.85. The stock has a fifty day simple moving average of $203.02 and a 200 day simple moving average of $205.08. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XPO. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Wells Fargo & Company increased their price target on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. TD Cowen raised their price objective on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus boosted their price objective on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, UBS Group upped their target price on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Transactions at XPO

In other XPO news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

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.