XPO, Inc. (NYSE:XPO) Stake Lowered by Cwm LLC

Cwm LLC cut its stake in shares of XPO, Inc. (NYSE:XPO) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575 shares of the transportation company’s stock after selling 196 shares during the quarter. Cwm LLC’s holdings in XPO were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its holdings in XPO by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 25,951 shares of the transportation company’s stock worth $1,250,000 after buying an additional 173 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in XPO by 2.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,866 shares of the transportation company’s stock worth $635,000 after buying an additional 179 shares in the last quarter. Sigma Planning Corp grew its holdings in XPO by 0.9% in the 2nd quarter. Sigma Planning Corp now owns 20,497 shares of the transportation company’s stock worth $1,209,000 after buying an additional 187 shares in the last quarter. Guggenheim Capital LLC grew its holdings in XPO by 3.3% in the 1st quarter. Guggenheim Capital LLC now owns 8,254 shares of the transportation company’s stock worth $601,000 after buying an additional 263 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in XPO by 1.5% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 19,602 shares of the transportation company’s stock worth $625,000 after buying an additional 289 shares in the last quarter. 89.67% of the stock is owned by institutional investors.

XPO Price Performance

XPO opened at $84.87 on Tuesday. The stock has a fifty day moving average of $74.20 and a 200-day moving average of $64.14. The firm has a market capitalization of $9.84 billion, a P/E ratio of 273.77, a PEG ratio of 2.47 and a beta of 2.13. XPO, Inc. has a 12-month low of $29.02 and a 12-month high of $84.88. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its earnings results on Monday, October 30th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. XPO had a return on equity of 33.40% and a net margin of 0.48%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts forecast that XPO, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XPO shares. Bank of America increased their price objective on XPO from $81.00 to $86.00 in a report on Sunday, August 6th. TheStreet upgraded XPO from a “c” rating to a “b-” rating in a research report on Friday, August 11th. Wells Fargo & Company upped their target price on XPO from $58.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Citigroup upped their target price on XPO from $68.00 to $88.00 in a research report on Friday, August 4th. Finally, Morgan Stanley upped their target price on XPO from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $80.57.

Insiders Place Their Bets

In other XPO news, Director J Wes Frye bought 1,500 shares of the stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $79.71 per share, with a total value of $119,565.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $239,130. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

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.