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

SG Americas Securities LLC reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 67.3% during the 1st quarter, according to the company in its most recent 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its holdings in XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of XPO during the fourth quarter valued at approximately $28,000. Torren Management LLC acquired a new position in shares of XPO during the fourth quarter worth $37,000. Horizon Investments LLC acquired a new position in shares of XPO during the third quarter worth $39,000. Finally, International Assets Investment Management LLC purchased a new position in shares of XPO in the fourth quarter valued at $41,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Down 0.4%

Shares of XPO stock opened at $206.19 on Friday. The business has a 50-day moving average price of $210.77 and a 200 day moving average price of $189.93. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The firm has a market cap of $24.21 billion, a P/E ratio of 70.61, a P/E/G ratio of 2.40 and a beta of 1.85. 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 released its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The company 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%.XPO’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. On average, sell-side analysts forecast that XPO, Inc. will post 4.87 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In related 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 transaction of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on XPO shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price target on shares of XPO in a report on Thursday, April 30th. Benchmark boosted their price objective on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Oppenheimer upped their price objective on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group raised their target price on XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus set a $237.00 price target on XPO in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.10.

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.