Hsbc Holdings PLC Reduces Stock Position in XPO, Inc. $XPO

Hsbc Holdings PLC cut its holdings in XPO, Inc. (NYSE:XPO) by 25.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,215 shares of the transportation company’s stock after selling 4,796 shares during the quarter. Hsbc Holdings PLC’s holdings in XPO were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Econ Financial Services Corp bought a new position in shares of XPO during the fourth quarter valued at approximately $1,837,000. Calamos Advisors LLC increased its position in XPO by 247.8% during the 4th quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 9,956 shares during the period. K.J. Harrison & Partners Inc increased its position in XPO by 460.0% during the 4th quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock valued at $3,805,000 after purchasing an additional 23,000 shares during the period. Game Creek Capital LP raised its holdings in XPO by 23.2% in the 3rd quarter. Game Creek Capital LP now owns 35,000 shares of the transportation company’s stock worth $4,524,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of XPO by 81.7% in the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 17,133 shares of the transportation company’s stock worth $2,215,000 after purchasing an additional 7,705 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XPO. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Benchmark raised 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. Citigroup cut their price objective on XPO from $236.00 to $226.00 and set a “neutral” rating on the stock in a research report on Thursday. Truist Financial set a $240.00 target price on XPO in a research note on Friday, May 1st. Finally, Barclays raised their price objective on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average target price of $219.86.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on 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 $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 available at the SEC website. 0.87% of the stock is owned by insiders.

XPO Stock Down 0.1%

Shares of NYSE:XPO traded down $0.15 on Friday, hitting $207.88. 548,076 shares of the company traded hands, compared to its average volume of 1,339,792. The stock has a 50 day simple moving average of $208.93 and a 200-day simple moving average of $192.21. 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 has a market cap of $24.41 billion, a PE ratio of 71.19, a PEG ratio of 2.39 and a beta of 1.85. 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 results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.73 EPS. XPO’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts expect that XPO, Inc. will post 4.9 earnings per share for the current year.

Key Stories Impacting XPO

Here are the key news stories impacting XPO this week:

• Positive Sentiment: Stephens upgraded XPO to “strong-buy,” signaling increased confidence in the company’s outlook. XPO upgraded by Stephens to strong-buy
• Positive Sentiment: Barron’s highlighted XPO as one of several transport stocks that could benefit from soaring freight rates, which is a bullish backdrop for trucking and logistics names. XPO and 7 More Transport Stocks to Play Soaring Freight Rates
• Neutral Sentiment: Citigroup lowered its price target on XPO to $226 from $236 but kept a neutral rating, suggesting only limited near-term upside rather than a major deterioration in fundamentals. XPO Price Target Lowered to 226 at Citigroup
• Neutral Sentiment: Brokerage coverage data also pointed to an overall “moderate buy” consensus, indicating analysts remain generally constructive on the stock. XPO Given Average Recommendation of Moderate Buy by Brokerages

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.