XPO, Inc. $XPO Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in XPO, Inc. (NYSE:XPO) by 6.4% in the second quarter, Holdings Channel reports. The fund owned 295,777 shares of the transportation company’s stock after selling 20,388 shares during the period. Douglas Lane & Associates LLC’s holdings in XPO were worth $37,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XPO. Cetera Investment Advisers increased its stake in shares of XPO by 14.2% in the 4th quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company’s stock worth $1,349,000 after acquiring an additional 1,280 shares during the last quarter. Focus Partners Wealth increased its stake in shares of XPO by 17.5% in the 4th quarter. Focus Partners Wealth now owns 2,461 shares of the transportation company’s stock worth $323,000 after acquiring an additional 366 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of XPO in the 4th quarter worth $2,026,000. Man Group plc acquired a new stake in shares of XPO in the 4th quarter worth $3,204,000. Finally, Quantinno Capital Management LP increased its stake in shares of XPO by 28.0% in the 4th quarter. Quantinno Capital Management LP now owns 6,373 shares of the transportation company’s stock worth $836,000 after acquiring an additional 1,394 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of XPO stock opened at $130.40 on Friday. The business has a 50-day moving average of $129.48 and a 200 day moving average of $118.37. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.96. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. As a group, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Benchmark raised their target price on XPO from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. Morgan Stanley lowered their price target on XPO from $85.00 to $84.00 and set an “underweight” rating for the company in a report on Friday, August 1st. Barclays increased their price target on XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. TD Cowen lowered their price target on XPO from $136.00 to $133.00 and set a “buy” rating for the company in a report on Friday, June 27th. Finally, UBS Group increased their price target on XPO from $123.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Activity

In other news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated 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 owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

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.