Vaughan Nelson Investment Management L.P. Reduces Holdings in XPO, Inc. $XPO

Vaughan Nelson Investment Management L.P. reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 5.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 194,099 shares of the transportation company’s stock after selling 10,155 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in XPO were worth $25,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after acquiring an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP increased its position in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Norges Bank acquired a new position in XPO in the 2nd quarter valued at about $168,840,000. Cooke & Bieler LP acquired a new position in XPO in the 2nd quarter valued at about $108,218,000. Finally, Orbis Allan Gray Ltd lifted its holdings in XPO by 16.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after purchasing an additional 452,891 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XPO shares. Stephens reissued an “overweight” rating and issued a $170.00 price objective on shares of XPO in a research report on Tuesday. Benchmark reaffirmed a “buy” rating on shares of XPO in a research note on Tuesday, December 2nd. Oppenheimer set a $154.00 price target on XPO and gave the company an “outperform” rating in a report on Friday, October 31st. Morgan Stanley raised their price objective on XPO from $83.00 to $90.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Finally, Susquehanna lowered their price objective on XPO from $162.00 to $160.00 and set a “positive” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.43.

XPO Stock Down 4.3%

Shares of XPO opened at $144.00 on Thursday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $155.08. The company’s fifty day moving average is $139.78 and its two-hundred day moving average is $133.12. The firm has a market cap of $16.90 billion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 2.44 and a beta of 2.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77.

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

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.