Capital International Sarl Cuts Stake in XPO, Inc. $XPO

Capital International Sarl lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 25.9% in the fourth quarter, Holdings Channel reports. The firm owned 45,303 shares of the transportation company’s stock after selling 15,820 shares during the period. Capital International Sarl’s holdings in XPO were worth $6,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of XPO. Primecap Management Co. CA boosted its position in XPO by 6.3% during the third quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company’s stock worth $75,951,000 after acquiring an additional 35,050 shares during the last quarter. Compass Wealth Management LLC acquired a new position in XPO during the third quarter worth about $29,997,000. Citigroup Inc. boosted its position in XPO by 694.2% during the third quarter. Citigroup Inc. now owns 161,906 shares of the transportation company’s stock worth $20,930,000 after acquiring an additional 141,521 shares during the last quarter. Econ Financial Services Corp acquired a new position in XPO during the fourth quarter worth about $1,837,000. Finally, Calamos Advisors LLC boosted its position in XPO by 247.8% during the fourth quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock worth $1,899,000 after acquiring an additional 9,956 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

NYSE:XPO opened at $219.07 on Monday. 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 firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 75.02, a PEG ratio of 2.55 and a beta of 1.83. The company’s 50-day moving average is $209.88 and its two-hundred day moving average is $180.50. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $231.46.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. Analysts forecast that XPO, Inc. will post 4.84 EPS for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the business’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 transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group restated a “buy” rating and set a $220.00 price target on shares of XPO in a research report on Thursday, April 30th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $233.00 target price on shares of XPO in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $216.95.

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.