Capital Research Global Investors Sells 2,858,675 Shares of XPO, Inc. $XPO

Capital Research Global Investors cut its position in XPO, Inc. (NYSE:XPO) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,157,329 shares of the transportation company’s stock after selling 2,858,675 shares during the quarter. Capital Research Global Investors owned about 0.10% of XPO worth $1,516,434,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp boosted its stake in XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC bought a new stake in XPO in the 4th quarter valued at $28,000. Torren Management LLC bought a new stake in XPO in the 4th quarter valued at $37,000. Horizon Investments LLC bought a new stake in XPO in the 3rd quarter valued at $39,000. Finally, International Assets Investment Management LLC bought a new stake in XPO in the 4th quarter valued at $41,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna boosted their price target on XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley set a $105.00 price target on XPO and gave the stock an “underweight” rating in a report on Friday, May 1st. BMO Capital Markets increased their target price on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen increased their target price on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $216.95.

XPO Price Performance

Shares of XPO opened at $219.07 on Friday. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $231.46. The business has a 50-day simple moving average of $209.88 and a two-hundred day simple moving average of $180.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $25.72 billion, a PE ratio of 75.02, a PEG ratio of 2.56 and a beta of 1.83.

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 business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

About XPO

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.