Jag Capital Management LLC Decreases Position in XPO, Inc. $XPO

Jag Capital Management LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 97.4% during the second quarter, Holdings Channel reports. The firm owned 1,923 shares of the transportation company’s stock after selling 71,957 shares during the quarter. Jag Capital Management LLC’s holdings in XPO were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of XPO by 140.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,256 shares of the transportation company’s stock worth $1,548,000 after buying an additional 7,153 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of XPO by 88.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 46,491 shares of the transportation company’s stock worth $6,019,000 after buying an additional 21,859 shares in the last quarter. CWM LLC lifted its holdings in shares of XPO by 24.1% in the second quarter. CWM LLC now owns 1,382 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 268 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of XPO by 12.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,174 shares of the transportation company’s stock valued at $1,664,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of XPO by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 33,100 shares of the transportation company’s stock valued at $4,180,000 after purchasing an additional 300 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE XPO opened at $128.50 on Tuesday. The business’s 50-day moving average price is $129.64 and its 200 day moving average price is $121.29. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a market capitalization of $15.13 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.95. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last announced its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. On average, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company upped their target price on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Truist Financial upped their price objective on XPO from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus reduced their price objective on XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average target price of $141.25.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares of the company’s stock, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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.