Commonwealth Equity Services LLC Sells 3,190 Shares of XPO, Inc. (NYSE:XPO)

Commonwealth Equity Services LLC decreased its holdings in XPO, Inc. (NYSE:XPO) by 16.6% during the 1st quarter, HoldingsChannel reports. The firm owned 15,993 shares of the transportation company’s stock after selling 3,190 shares during the quarter. Commonwealth Equity Services LLC’s holdings in XPO were worth $1,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC increased its stake in shares of XPO by 25.2% in the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 160 shares during the last quarter. Quent Capital LLC raised its position in XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 183 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of XPO by 2.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock worth $625,000 after purchasing an additional 183 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of XPO by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 54,295 shares of the transportation company’s stock valued at $4,756,000 after buying an additional 193 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on XPO shares. TD Cowen upped their price target on shares of XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Raymond James decreased their price objective on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Stephens reiterated an “overweight” rating and issued a $150.00 price target on shares of XPO in a research report on Friday, June 7th. Susquehanna lowered their price objective on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company initiated coverage on XPO in a research report on Friday, June 7th. They set an “overweight” rating and a $125.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.70.

XPO Stock Down 0.3 %

Shares of NYSE:XPO traded down $0.31 during mid-day trading on Friday, hitting $106.79. 230,343 shares of the company traded hands, compared to its average volume of 1,427,789. The stock has a market cap of $12.42 billion, a P/E ratio of 52.13, a P/E/G ratio of 1.53 and a beta of 2.10. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. XPO, Inc. has a 12-month low of $56.81 and a 12-month high of $130.51. The stock has a 50-day moving average price of $107.62 and a two-hundred day moving average price of $107.85.

XPO (NYSE:XPO) last announced its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. XPO’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts forecast that XPO, Inc. will post 3.59 earnings per share for the current year.

Insider Activity at XPO

In other XPO news, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the transaction, the director now owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares in the company, valued at $727,981.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.