American Trust Sells 429 Shares of XPO, Inc. (NYSE:XPO)

American Trust reduced its holdings in XPO, Inc. (NYSE:XPO) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,298 shares of the transportation company’s stock after selling 429 shares during the quarter. American Trust’s holdings in XPO were worth $647,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in XPO in the 4th quarter valued at approximately $79,592,000. CenterBook Partners LP purchased a new position in shares of XPO during the fourth quarter valued at approximately $779,000. Dimensional Fund Advisors LP grew its holdings in shares of XPO by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock worth $128,603,000 after acquiring an additional 67,797 shares during the period. Janney Montgomery Scott LLC lifted its position in XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares during the period. Finally, Empirical Capital Management LLC purchased a new stake in XPO in the fourth quarter worth about $4,380,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

XPO has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. TD Cowen upped their price objective on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and raised their target price for the stock from $115.00 to $120.00 in a research report on Friday, May 24th. Stephens reaffirmed an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Friday, June 7th. Finally, Oppenheimer raised their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $122.68.

XPO Price Performance

Shares of XPO stock traded down $4.86 during trading on Friday, reaching $110.93. 3,225,637 shares of the stock traded hands, compared to its average volume of 1,761,305. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.00 and a quick ratio of 0.94. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 54.38, a P/E/G ratio of 1.83 and a beta of 2.10. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The business has a fifty day simple moving average of $107.77 and a two-hundred day simple moving average of $111.55.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Sell-side analysts expect that XPO, Inc. will post 3.54 EPS for the current year.

Insider Activity

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

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.