Atlas Capital Advisors LLC Trims Position in XPO, Inc. (NYSE:XPO)

Atlas Capital Advisors LLC trimmed its stake in XPO, Inc. (NYSE:XPO) by 25.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 326 shares of the transportation company’s stock after selling 110 shares during the period. Atlas Capital Advisors LLC’s holdings in XPO were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of XPO in the fourth quarter valued at approximately $79,592,000. CenterBook Partners LP bought a new position in shares of XPO during the 4th quarter worth $779,000. Dimensional Fund Advisors LP increased its stake in shares of XPO by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after buying an additional 67,797 shares during the period. Empirical Capital Management LLC bought a new stake in shares of XPO in the fourth quarter valued at about $4,380,000. Finally, Boulder Hill Capital Management LP purchased a new stake in XPO in the fourth quarter worth about $692,000. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on XPO shares. Oppenheimer raised their target price on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Bank of America upped their target price on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Wells Fargo & Company started coverage on XPO in a research report on Friday, June 7th. They set an “overweight” rating and a $125.00 target price on the stock. Susquehanna reduced their price target on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Finally, Raymond James dropped their price objective on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $120.70.

XPO Stock Performance

Shares of XPO opened at $103.11 on Friday. The stock has a 50-day moving average of $108.73 and a two-hundred day moving average of $107.10. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $11.99 billion, a P/E ratio of 50.54, a P/E/G ratio of 1.49 and a beta of 2.09. XPO, Inc. has a one year low of $56.41 and a one year high of $130.51.

XPO (NYSE:XPO) last issued its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. XPO’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts predict that XPO, Inc. will post 3.62 EPS for the current year.

Insider Transactions at XPO

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other XPO news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the transaction, the director now owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.