XPO, Inc. $XPO Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 61.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 34,880 shares of the transportation company’s stock after selling 56,210 shares during the period. iA Global Asset Management Inc.’s holdings in XPO were worth $6,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XPO. Capital World Investors boosted its position in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares in the last quarter. Invesco Ltd. lifted its stake in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the period. Durable Capital Partners LP boosted its holdings in XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after buying an additional 261,935 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 1.1%

Shares of XPO opened at $207.63 on Thursday. XPO, Inc. has a 52-week low of $116.68 and a 52-week high of $232.05. The company has a market capitalization of $24.38 billion, a PE ratio of 71.11, a price-to-earnings-growth ratio of 2.38 and a beta of 1.85. The stock has a fifty day simple moving average of $211.20 and a two-hundred day simple moving average of $189.52. 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 announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that XPO, Inc. will post 4.87 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on XPO. Wells Fargo & Company upped their price objective on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Benchmark lifted their price target on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Barclays upped their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Truist Financial set a $240.00 price target on XPO in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.10.

Insider Buying and Selling

In other XPO 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 value of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is owned by company insiders.

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.