The Manufacturers Life Insurance Company Reduces Holdings in XPO, Inc. $XPO

The Manufacturers Life Insurance Company trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,595 shares of the transportation company’s stock after selling 4,305 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in XPO were worth $11,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XPO. Toth Financial Advisory Corp raised its position in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Elyxium Wealth LLC bought a new stake in shares of XPO during the 4th quarter valued at $28,000. Torren Management LLC bought a new stake in shares of XPO during the 4th quarter valued at $37,000. International Assets Investment Management LLC purchased a new stake in shares of XPO in the 4th quarter worth $41,000. Finally, Horizon Investments LLC purchased a new stake in shares of XPO in the 3rd quarter worth $39,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE XPO opened at $197.54 on Tuesday. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 58.27, a price-to-earnings-growth ratio of 2.25 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The business has a 50-day moving average price of $210.09 and a 200-day moving average price of $200.04. XPO, Inc. has a twelve month low of $116.68 and a twelve month high of $232.05.

XPO (NYSE:XPO) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. As a group, equities research analysts predict that XPO, Inc. will post 5.04 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

XPO has been the topic of a number of recent research reports. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Stephens boosted their price target on XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday. Citizens Jmp began coverage on XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. TD Cowen raised their price objective on XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday. Finally, UBS Group lifted their price objective on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

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.