XPO, Inc. (NYSE:XPO) Position Reduced by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its position in shares of XPO, Inc. (NYSE:XPO) by 45.5% in the first quarter, HoldingsChannel.com reports. The firm owned 4,636 shares of the transportation company’s stock after selling 3,873 shares during the period. iA Global Asset Management Inc.’s holdings in XPO were worth $566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. Capital Research Global Investors boosted its stake in XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after buying an additional 3,094,390 shares in the last quarter. Norges Bank acquired a new position in shares of XPO in the 4th quarter worth approximately $79,592,000. Clearbridge Investments LLC raised its holdings in shares of XPO by 33.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after purchasing an additional 560,079 shares in the last quarter. Capital World Investors lifted its stake in XPO by 13.1% during the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after purchasing an additional 503,388 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in XPO by 44.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock worth $132,745,000 after buying an additional 463,267 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Transactions at XPO

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore ISI dropped their price target on XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America reduced their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Wells Fargo & Company began coverage on XPO in a report on Friday, June 7th. They set an “overweight” rating and a $125.00 price objective on the stock. Oppenheimer raised their target price on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Susquehanna cut their price target on shares of XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, XPO has an average rating of “Moderate Buy” and an average target price of $122.68.

XPO Stock Up 0.7 %

XPO stock traded up $0.83 during mid-day trading on Thursday, hitting $115.72. 2,510,043 shares of the company’s stock were exchanged, compared to its average volume of 1,481,305. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51. The stock has a 50 day moving average of $107.52 and a two-hundred day moving average of $111.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. The stock has a market cap of $13.46 billion, a P/E ratio of 56.30, a P/E/G ratio of 1.78 and a beta of 2.10.

XPO (NYSE:XPO) last issued its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, analysts anticipate that XPO, Inc. will post 3.54 EPS for the current fiscal 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.