Fishman Jay A Ltd. MI Cuts Position in XPO, Inc. $XPO

Fishman Jay A Ltd. MI lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,261 shares of the transportation company’s stock after selling 14,076 shares during the quarter. XPO comprises 4.9% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 4th largest position. Fishman Jay A Ltd. MI owned approximately 0.24% of XPO worth $55,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its position in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of XPO in the 4th quarter valued at approximately $28,000. Torren Management LLC purchased a new position in shares of XPO in the 4th quarter valued at approximately $37,000. Horizon Investments LLC bought a new stake in shares of XPO during the third quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC purchased a new stake in XPO in the fourth quarter worth $41,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 2.0%

NYSE:XPO opened at $202.59 on Wednesday. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 69.38, a PEG 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. The company’s 50 day moving average price is $209.71 and its 200-day moving average price is $191.16. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $232.05.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that XPO, Inc. will post 4.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research reports. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an “underweight” rating in a report on Friday, May 1st. Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. UBS Group increased their price target on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus set a $237.00 price target on shares of XPO in a research report on Friday, May 1st. Finally, Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $220.33.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was 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 of the company’s stock, valued at $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 SEC, which is available through the SEC website. 0.87% of the stock is owned by corporate 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.