QRG Capital Management Inc. Boosts Holdings in XPO, Inc. $XPO

QRG Capital Management Inc. boosted its position in shares of XPO, Inc. (NYSE:XPO) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,394 shares of the transportation company’s stock after buying an additional 149 shares during the quarter. QRG Capital Management Inc.’s holdings in XPO were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after buying an additional 306,928 shares during the period. Durable Capital Partners LP boosted its stake in XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after buying an additional 1,426,394 shares during the period. Findlay Park Partners LLP boosted its stake in shares of XPO by 11.6% during the first quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock valued at $169,170,000 after purchasing an additional 163,300 shares during the period. Raymond James Financial Inc. boosted its stake in shares of XPO by 9.4% during the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company’s stock valued at $81,770,000 after purchasing an additional 65,023 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of XPO by 854.2% during the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after purchasing an additional 493,736 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

XPO Trading Down 5.9%

Shares of NYSE:XPO opened at $129.55 on Friday. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 44.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.95. 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 business’s 50 day moving average price is $129.46 and its 200-day moving average price is $121.02.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The firm had revenue of ($2,243.00) million for the quarter. On average, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

XPO has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of XPO from $84.00 to $83.00 and set an “underweight” rating for the company in a research note on Monday. Oppenheimer lifted their price objective on XPO from $126.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 7th. Susquehanna boosted their target price on shares of XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a report on Wednesday, June 18th. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a report on Wednesday. Finally, Truist Financial upped their price objective on shares of XPO from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, June 30th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $140.50.

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.