Capital World Investors Sells 387,399 Shares of XPO, Inc. $XPO
by Renee Jackson · The Cerbat GemCapital World Investors decreased its holdings in shares of XPO, Inc. (NYSE:XPO – Free Report) by 3.6% during the 4th quarter, Holdings Channel reports. The firm owned 10,473,404 shares of the transportation company’s stock after selling 387,399 shares during the quarter. Capital World Investors owned about 0.09% of XPO worth $1,423,443,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Toth Financial Advisory Corp boosted its position in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of XPO during the 4th quarter valued at about $28,000. Torren Management LLC bought a new position in XPO in the fourth quarter worth approximately $37,000. International Assets Investment Management LLC bought a new position in XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC bought a new position in XPO in the third quarter worth approximately $39,000. Institutional investors own 97.73% of the company’s stock.
XPO Stock Performance
Shares of XPO stock opened at $219.07 on Monday. The company has a market cap of $25.72 billion, a PE ratio of 75.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.83. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $231.46. The business has a 50 day moving average price of $209.88 and a 200-day moving average price of $180.50. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company 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%.XPO’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. Equities analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.
Insider Activity at XPO
In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on XPO. TD Cowen increased their price target on XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Oppenheimer increased their price target on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 price target on shares of XPO in a report on Thursday, April 30th. Finally, Jefferies Financial Group increased their price target on XPO to $275.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.
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