Castleark Management LLC Sells 28,420 Shares of XPO, Inc. $XPO

Castleark Management LLC lessened its stake in XPO, Inc. (NYSE:XPO) by 52.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 25,849 shares of the transportation company’s stock after selling 28,420 shares during the period. Castleark Management LLC’s holdings in XPO were worth $5,029,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rice Hall James & Associates LLC lifted its stake in shares of XPO by 2.3% in the first quarter. Rice Hall James & Associates LLC now owns 224,299 shares of the transportation company’s stock worth $43,637,000 after acquiring an additional 5,123 shares during the period. Entropy Technologies LP increased its position in XPO by 136.1% during the 1st quarter. Entropy Technologies LP now owns 12,869 shares of the transportation company’s stock valued at $2,504,000 after purchasing an additional 7,419 shares during the period. Renaissance Technologies LLC raised its holdings in XPO by 73.3% during the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after purchasing an additional 75,600 shares during the last quarter. Compound Planning Inc. raised its holdings in XPO by 30.8% during the 1st quarter. Compound Planning Inc. now owns 3,035 shares of the transportation company’s stock worth $590,000 after purchasing an additional 715 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in shares of XPO by 33.8% in the 1st quarter. Lido Advisors LLC now owns 2,626 shares of the transportation company’s stock worth $511,000 after purchasing an additional 664 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the company’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 transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price objective on shares of XPO in a research report on Thursday, April 30th. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. 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. Weiss Ratings raised XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Raymond James Financial dropped their price objective on XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $219.76.

XPO Stock Performance

NYSE:XPO opened at $207.76 on Tuesday. The company has a fifty day moving average of $210.46 and a 200-day moving average of $198.10. The firm has a market capitalization of $24.39 billion, a P/E ratio of 71.15, a P/E/G ratio of 2.44 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, Inc. has a twelve month low of $116.68 and a twelve month high of $232.05.

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, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion for 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%. XPO’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.91 EPS for the current 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.