Vontobel Holding Ltd. Reduces Position in XPO, Inc. $XPO

Vontobel Holding Ltd. lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 18.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,041 shares of the transportation company’s stock after selling 678 shares during the period. Vontobel Holding Ltd.’s holdings in XPO were worth $384,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XPO. GAMMA Investing LLC grew its position in XPO by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company’s stock worth $192,000 after purchasing an additional 647 shares during the last quarter. Fifth Third Bancorp grew its position in XPO by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 1,196 shares of the transportation company’s stock worth $129,000 after purchasing an additional 160 shares during the last quarter. Brighton Jones LLC purchased a new stake in XPO during the 1st quarter worth approximately $361,000. Sowell Financial Services LLC purchased a new stake in XPO during the 1st quarter worth approximately $247,000. Finally, QRG Capital Management Inc. grew its position in XPO by 12.9% during the 1st quarter. QRG Capital Management Inc. now owns 4,245 shares of the transportation company’s stock worth $457,000 after purchasing an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company upped their price objective on shares of XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Barclays increased their price objective on shares of XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research note on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

XPO Stock Up 0.6%

XPO stock opened at $129.19 on Wednesday. The firm has a market cap of $15.21 billion, a PE ratio of 44.70, a P/E/G ratio of 2.57 and a beta of 1.95. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm’s fifty day moving average is $129.82 and its 200 day moving average is $121.35. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

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