CI Investments Inc. Sells 9,318 Shares of XPO, Inc. $XPO

CI Investments Inc. lowered its position in shares of XPO, Inc. (NYSE:XPO) by 32.7% in the first quarter, HoldingsChannel reports. The firm owned 19,182 shares of the transportation company’s stock after selling 9,318 shares during the period. CI Investments Inc.’s holdings in XPO were worth $3,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XPO. Parallel Advisors LLC grew its stake in XPO by 13.2% during the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after buying an additional 49 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after acquiring an additional 60 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after acquiring an additional 63 shares in the last quarter. Finally, UMB Bank n.a. grew its position in XPO by 4.4% during the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after acquiring an additional 63 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Up 0.4%

Shares of XPO opened at $214.47 on Friday. The firm has a market capitalization of $25.18 billion, a price-to-earnings ratio of 73.45, a PEG ratio of 2.45 and a beta of 1.85. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The business’s fifty day moving average price is $210.14 and its two-hundred day moving average price is $197.22. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $232.05.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS. On average, analysts predict that XPO, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on XPO shares. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Stephens upgraded XPO to a “strong-buy” rating in a report on Wednesday, July 8th. Benchmark raised their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Finally, Jefferies Financial Group upped their price target on shares of XPO to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average target price of $219.76.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

About XPO

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.