XPO, Inc. $XPO Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 87.1% in the first quarter, HoldingsChannel.com reports. The fund owned 18,018 shares of the transportation company’s stock after selling 121,832 shares during the period. Pacer Advisors Inc.’s holdings in XPO were worth $3,505,000 at the end of the most recent quarter.

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

XPO Price Performance

XPO stock opened at $196.37 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a fifty day simple moving average of $209.33 and a 200-day simple moving average of $201.06. The stock has a market cap of $22.99 billion, a P/E ratio of 57.93, a price-to-earnings-growth ratio of 2.10 and a beta of 1.85. XPO, Inc. has a 12-month low of $117.98 and a 12-month high of $232.05.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts expect that XPO, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on XPO shares. JPMorgan Chase & Co. lifted their target price on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Barclays upped their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Stephens increased their price target on XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. UBS Group boosted their price objective on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Stifel Nicolaus upped their target price on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

Insider Activity

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 transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

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.