XPO, Inc. $XPO Stock Position Cut by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI cut its stake in shares of XPO, Inc. (NYSE:XPO) by 4.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 284,261 shares of the transportation company’s stock after selling 14,076 shares during the quarter. XPO makes up about 4.9% of Fishman Jay A Ltd. MI’s holdings, making the stock its 4th largest holding. Fishman Jay A Ltd. MI’s holdings in XPO were worth $55,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi grew its holdings in shares of XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,820 shares during the period. AQR Capital Management LLC lifted its holdings in XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after acquiring an additional 1,243 shares during the period. NewEdge Advisors LLC boosted its position in XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of XPO during the 2nd quarter valued at about $611,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

XPO has been the topic of several recent research reports. Susquehanna increased their price objective on shares of XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 target price on shares of XPO in a report on Thursday, April 30th. TD Cowen increased their price target on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citigroup lifted their price target on shares of XPO from $221.00 to $236.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, Stifel Nicolaus set a $237.00 price objective on shares of XPO in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.33.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the firm’s 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 sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $202.59 on Wednesday. The company has a market capitalization of $23.79 billion, a P/E ratio of 69.38, a P/E/G ratio of 2.40 and a beta of 1.85. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05. The firm’s 50 day simple moving average is $209.71 and its two-hundred day simple moving average is $191.16. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm earned $0.73 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts expect that XPO, Inc. will post 4.87 EPS for the current fiscal year.

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.