Legal & General Group Plc Sells 4,151 Shares of XPO, Inc. $XPO

Legal & General Group Plc decreased its position in XPO, Inc. (NYSE:XPO) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,467 shares of the transportation company’s stock after selling 4,151 shares during the quarter. Legal & General Group Plc owned 0.16% of XPO worth $25,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Durable Capital Partners LP raised its stake in XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Bessemer Group Inc. grew its position in XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares in the last quarter. Invesco Ltd. grew its position in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares in the last quarter. Capital World Investors increased its stake in XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. Finally, Orbis Allan Gray Ltd raised its position in XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after purchasing an additional 452,891 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Insider Transactions at XPO

In other XPO 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 directly owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XPO shares. Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Wells Fargo & Company boosted their price objective on shares of XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen increased their target price on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of XPO in a report on Friday, February 6th. Finally, BMO Capital Markets set a $230.00 price target on shares of XPO in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.24.

XPO Trading Up 0.1%

Shares of NYSE XPO opened at $214.42 on Monday. XPO, Inc. has a twelve month low of $110.78 and a twelve month high of $231.46. The firm has a market cap of $25.18 billion, a PE ratio of 73.43, a price-to-earnings-growth ratio of 2.51 and a beta of 1.83. The business has a fifty day simple moving average of $206.64 and a two-hundred day simple moving average of $177.55. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion for 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 business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. Analysts expect that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

About XPO

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.