XPO, Inc. $XPO Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of XPO, Inc. (NYSE:XPO) by 67.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,465 shares of the transportation company’s stock after selling 17,421 shares during the quarter. SG Americas Securities LLC’s holdings in XPO were worth $1,647,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Amundi boosted its stake in XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the period. AQR Capital Management LLC increased its stake in shares of XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after purchasing an additional 1,243 shares during the period. NewEdge Advisors LLC raised its holdings in shares of XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after buying an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of XPO during the second quarter worth approximately $611,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America increased their price objective on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Oppenheimer boosted their price target on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings raised XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. BMO Capital Markets raised their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $220.00 price objective on shares of XPO in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $218.10.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

XPO Price Performance

NYSE XPO opened at $206.19 on Friday. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $232.05. The firm has a market capitalization of $24.21 billion, a PE ratio of 70.61, a P/E/G ratio of 2.40 and a beta of 1.85. The company’s 50 day simple moving average is $210.77 and its 200 day simple moving average is $189.93. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last released its earnings results 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 firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, equities research analysts forecast that XPO, Inc. will post 4.87 EPS for the current fiscal year.

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.