Legal & General Group Plc Lowers Stake in XPO, Inc. $XPO

Legal & General Group Plc lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,467 shares of the transportation company’s stock after selling 4,151 shares during the quarter. Legal & General Group Plc’s holdings in XPO were worth $25,071,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XPO. Toth Financial Advisory Corp lifted its stake in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Elyxium Wealth LLC purchased a new position in XPO in the fourth quarter valued at about $28,000. Torren Management LLC bought a new position in XPO in the fourth quarter worth about $37,000. Horizon Investments LLC bought a new position in XPO in the third quarter worth about $39,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of XPO during the fourth quarter valued at about $41,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 0.1%

NYSE:XPO opened at $214.42 on Monday. The company has a market capitalization of $25.18 billion, a P/E ratio of 73.43, a PEG ratio of 2.51 and a beta of 1.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 12 month low of $110.78 and a 12 month high of $231.46. The firm has a fifty day simple moving average of $206.64 and a 200-day simple moving average of $177.55.

XPO (NYSE:XPO) last issued its 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 return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current year.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Raymond James Financial reissued an “outperform” rating and set a $233.00 target price on shares of XPO in a research report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 target price on shares of XPO in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a research report on Friday, February 6th. Finally, TD Cowen increased their price objective on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

XPO Profile

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.