Envestnet Asset Management Inc. Sells 13,501 Shares of XPO, Inc. (NYSE:XPO)

Envestnet Asset Management Inc. cut its holdings in XPO, Inc. (NYSE:XPO) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,023 shares of the transportation company’s stock after selling 13,501 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of XPO worth $10,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after buying an additional 113 shares in the last quarter. Parallel Advisors LLC increased its position in XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company’s stock valued at $52,000 after buying an additional 180 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in XPO in the 4th quarter valued at about $83,000. UMB Bank n.a. increased its position in XPO by 97.4% in the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company’s stock valued at $114,000 after buying an additional 524 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in XPO by 22.7% in the 1st quarter. Continuum Advisory LLC now owns 1,135 shares of the transportation company’s stock valued at $122,000 after buying an additional 210 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

XPO stock opened at $129.51 on Monday. The firm has a market cap of $15.26 billion, a PE ratio of 39.85, a P/E/G ratio of 2.49 and a beta of 1.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. The business has a 50 day moving average of $124.09 and a 200-day moving average of $120.53. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO) last released its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. XPO’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has approved a stock repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XPO. Benchmark boosted their target price on XPO from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, July 15th. Evercore ISI boosted their target price on XPO from $115.00 to $116.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Stifel Nicolaus cut their price target on XPO from $147.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Bank of America lifted their price target on XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Citigroup downgraded XPO from a “buy” rating to a “neutral” rating and lifted their price target for the company from $137.00 to $140.00 in a research note on Wednesday, July 9th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

XPO Company 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.