Amalgamated Bank Sells 18,825 Shares of XPO, Inc. (NYSE:XPO)

Amalgamated Bank lessened its holdings in XPO, Inc. (NYSE:XPO) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,153 shares of the transportation company’s stock after selling 18,825 shares during the quarter. Amalgamated Bank owned 0.05% of XPO worth $6,385,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in XPO. Perennial Investment Advisors LLC grew its holdings in shares of XPO by 5.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 103 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Mystic Asset Management Inc. raised its stake in shares of XPO by 1.7% during the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock worth $1,068,000 after purchasing an additional 150 shares in the last quarter. US Bancorp DE boosted its holdings in shares of XPO by 0.9% in the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after buying an additional 154 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in shares of XPO by 2.1% in the second quarter. Thoroughbred Financial Services LLC now owns 8,615 shares of the transportation company’s stock valued at $914,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company dropped their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Raymond James cut their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. JPMorgan Chase & Co. cut their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. TD Cowen reduced their target price on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Susquehanna upped their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Price Performance

XPO stock opened at $115.30 on Friday. The stock’s fifty day moving average price is $113.12 and its two-hundred day moving average price is $113.48. The firm has a market cap of $13.42 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO, Inc. has a one year low of $65.80 and a one year high of $130.51.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. XPO’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, research analysts expect that XPO, Inc. will post 3.6 EPS for the current fiscal year.

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.