Truist Financial Corp Trims Stake in XPO, Inc. (NYSE:XPO)

Truist Financial Corp trimmed its stake in XPO, Inc. (NYSE:XPO) by 26.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,702 shares of the transportation company’s stock after selling 2,007 shares during the period. Truist Financial Corp’s holdings in XPO were worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in XPO by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after buying an additional 128,214 shares in the last quarter. Capital Research Global Investors increased its stake in XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after buying an additional 912,544 shares in the last quarter. Capital World Investors increased its stake in XPO by 3.3% in the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after buying an additional 142,908 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in XPO in the 2nd quarter worth $271,532,000. Finally, Clearbridge Investments LLC increased its stake in XPO by 33.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after buying an additional 560,079 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on XPO. Stifel Nicolaus increased their price target on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Stephens reissued an “overweight” rating and set a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. Susquehanna increased their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Finally, Raymond James dropped their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average target price of $130.35.

XPO Stock Down 0.5 %

Shares of NYSE XPO opened at $115.70 on Wednesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $13.46 billion, a P/E ratio of 56.72, a PEG ratio of 1.81 and a beta of 2.10. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The firm has a 50-day simple moving average of $112.56 and a two-hundred day simple moving average of $111.73.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Research analysts anticipate that XPO, Inc. will post 3.55 earnings per share for the current year.

About XPO

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.