XPO, Inc. $XPO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of XPO, Inc. (NYSE:XPO) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 710,580 shares of the transportation company’s stock after selling 9,074 shares during the quarter. Bank of New York Mellon Corp’s holdings in XPO were worth $96,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XPO. Primecap Management Co. CA grew its stake in XPO by 6.3% in the 3rd quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company’s stock valued at $75,951,000 after acquiring an additional 35,050 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of XPO in the third quarter valued at $29,997,000. Econ Financial Services Corp acquired a new stake in shares of XPO in the fourth quarter worth approximately $1,837,000. Citigroup Inc. increased 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 purchasing an additional 141,521 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake 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 purchasing an additional 9,956 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup increased their target price on XPO from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company increased 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. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 target price on shares of XPO in a research note on Thursday, April 30th. Finally, Benchmark raised their price target on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $217.38.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was 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 approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $224.85 on Tuesday. The business has a fifty day simple moving average of $210.55 and a 200-day simple moving average of $181.17. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $231.46. The stock has a market cap of $26.40 billion, a PE ratio of 77.00, a price-to-earnings-growth ratio of 2.55 and a beta of 1.83. 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 issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (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 analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. On average, sell-side analysts anticipate that XPO, Inc. will post 4.84 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.