XPO, Inc. $XPO Shares Sold by Wedmont Private Capital

Wedmont Private Capital lowered its position in XPO, Inc. (NYSE:XPO) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,853 shares of the transportation company’s stock after selling 324 shares during the period. Wedmont Private Capital’s holdings in XPO were worth $245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gilman Hill Asset Management LLC lifted its stake in XPO by 2.4% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 39,325 shares of the transportation company’s stock valued at $4,966,000 after buying an additional 935 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after purchasing an additional 111 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of XPO by 24.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,347 shares of the transportation company’s stock worth $296,000 after buying an additional 456 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of XPO by 3.0% during the 1st quarter. Voya Investment Management LLC now owns 61,037 shares of the transportation company’s stock worth $6,566,000 after buying an additional 1,797 shares during the last quarter. Finally, Anderson Financial Strategies LLC increased its holdings in shares of XPO by 35.1% during the 1st quarter. Anderson Financial Strategies LLC now owns 12,703 shares of the transportation company’s stock worth $1,367,000 after buying an additional 3,301 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

XPO has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $140.00 price target (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. Morgan Stanley reduced their price target on shares of XPO from $85.00 to $84.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. Stephens reaffirmed an “overweight” rating and set a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Citigroup reissued a “buy” rating on shares of XPO in a report on Wednesday, September 10th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

XPO Trading Down 0.5%

XPO stock opened at $130.92 on Monday. The company has a 50 day moving average price of $129.49 and a 200 day moving average price of $118.91. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 45.30, a P/E/G ratio of 2.53 and a beta of 1.96.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business posted $1.12 earnings per share. XPO’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Insider Activity

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares of the company’s stock, valued at approximately $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

About XPO

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.