Park Avenue Securities LLC Sells 254 Shares of XPO, Inc. $XPO

Park Avenue Securities LLC lowered its position in shares of XPO, Inc. (NYSE:XPO) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,177 shares of the transportation company’s stock after selling 254 shares during the period. Park Avenue Securities LLC’s holdings in XPO were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in XPO. SouthState Corp bought a new stake in shares of XPO in the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company’s stock worth $52,000 after buying an additional 180 shares during the last quarter. Farther Finance Advisors LLC increased its position in XPO by 63.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after buying an additional 165 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company’s stock valued at $57,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XPO shares. Truist Financial upped their price target on shares of XPO from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of XPO in a research report on Wednesday. UBS Group boosted their price objective on shares of XPO from $123.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Morgan Stanley decreased their target price on XPO from $85.00 to $84.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Nineteen research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.25.

Insider Activity

In other XPO news, Director Allison Landry sold 3,250 shares of the company’s 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 sale, the director directly owned 5,875 shares of the company’s stock, valued at approximately $793,360. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.

XPO Stock Down 1.9%

Shares of NYSE XPO opened at $126.77 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a 50-day simple moving average of $129.25 and a two-hundred day simple moving average of $119.96. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a market cap of $14.93 billion, a P/E ratio of 43.86, a PEG ratio of 2.50 and a beta of 1.95.

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

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.