GCM Grosvenor Holdings LLC Sells 7,086 Shares of XPO, Inc. $XPO

GCM Grosvenor Holdings LLC lowered its holdings in shares of XPO, Inc. (NYSE:XPO) by 8.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,214 shares of the transportation company’s stock after selling 7,086 shares during the period. XPO comprises about 1.4% of GCM Grosvenor Holdings LLC’s portfolio, making the stock its 15th biggest holding. GCM Grosvenor Holdings LLC owned about 0.06% of XPO worth $9,499,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Forge First Asset Management Inc. bought a new stake in shares of XPO during the 2nd quarter valued at approximately $6,079,000. Hawk Ridge Capital Management LP lifted its stake in XPO by 15.8% in the 1st quarter. Hawk Ridge Capital Management LP now owns 289,588 shares of the transportation company’s stock valued at $31,154,000 after purchasing an additional 39,500 shares during the last quarter. BNP Paribas Financial Markets boosted its position in XPO by 854.2% in the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after buying an additional 493,736 shares in the last quarter. Cresset Asset Management LLC bought a new stake in shares of XPO during the first quarter worth $445,000. Finally, Avior Wealth Management LLC acquired a new position in shares of XPO during the second quarter worth $941,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XPO shares. Raymond James Financial raised their price objective on XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Rothschild Redb upgraded XPO to a “strong-buy” rating in a research report on Wednesday, November 26th. TD Cowen lifted their price target on XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on XPO from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Finally, Rothschild & Co Redburn began coverage on shares of XPO in a report on Wednesday, November 26th. They issued a “buy” rating and a $156.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $148.81.

XPO Price Performance

Shares of XPO opened at $149.03 on Friday. The business has a 50-day moving average of $135.61 and a 200-day moving average of $130.16. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 53.61, a price-to-earnings-growth ratio of 2.98 and a beta of 2.03. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%.The business had revenue of ($2,243.00) million for the quarter. As a group, equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current 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.