Strs Ohio Sells 15,904 Shares of XPO, Inc. $XPO

Strs Ohio cut its position in XPO, Inc. (NYSE:XPO) by 37.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 26,842 shares of the transportation company’s stock after selling 15,904 shares during the period. Strs Ohio’s holdings in XPO were worth $5,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp grew its holdings in shares of XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Elyxium Wealth LLC purchased a new position in XPO in the 4th quarter worth approximately $28,000. Torren Management LLC bought a new position in XPO in the 4th quarter valued at approximately $37,000. Horizon Investments LLC bought a new position in XPO in the 3rd quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO in the 4th quarter valued at approximately $41,000. Institutional investors own 97.73% of the company’s stock.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by company insiders.

XPO Stock Performance

XPO stock traded down $2.37 during midday trading on Tuesday, reaching $204.41. 30,774 shares of the company traded hands, compared to its average volume of 1,640,159. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day moving average of $210.12 and a two-hundred day moving average of $190.76. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 69.90, a price-to-earnings-growth ratio of 2.39 and a beta of 1.85.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, research analysts predict that XPO, Inc. will post 4.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on XPO shares. Stifel Nicolaus set a $237.00 target price on XPO in a report on Friday, May 1st. UBS Group upped their price target on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer upped their price target on XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $233.00 price objective on shares of XPO in a research report on Friday, May 1st. Finally, Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.33.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.