Handelsinvest Investeringsforvaltning Decreases Stake in XPO, Inc. (NYSE:XPO)

Handelsinvest Investeringsforvaltning reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 34.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,671 shares of the transportation company’s stock after selling 1,387 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in XPO were worth $326,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of XPO during the 1st quarter worth $27,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of XPO during the 1st quarter worth $31,000. Rise Advisors LLC purchased a new stake in shares of XPO during the 1st quarter worth $37,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of XPO in the 1st quarter worth about $37,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Up 0.8 %

NYSE XPO opened at $107.09 on Thursday. The stock has a market cap of $12.46 billion, a PE ratio of 52.50, a P/E/G ratio of 1.51 and a beta of 2.10. XPO, Inc. has a fifty-two week low of $56.81 and a fifty-two week high of $130.51. The business has a 50 day moving average price of $107.85 and a two-hundred day moving average price of $107.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on XPO shares. Raymond James decreased their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Bank of America boosted their target price on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, April 15th. TD Cowen boosted their target price on shares of XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and upped their price objective for the company from $115.00 to $120.00 in a research note on Friday, May 24th. Finally, Oppenheimer upped their price objective on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.70.

Insiders Place Their Bets

In other news, Director Allison Landry sold 1,875 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the transaction, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Allison Landry sold 1,875 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the transaction, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

XPO 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.