XPO, Inc. $XPO Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. reduced its position in shares of XPO, Inc. (NYSE:XPO) by 25.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,115 shares of the transportation company’s stock after selling 47,520 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in XPO were worth $17,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. New York State Common Retirement Fund grew its holdings in XPO by 5.4% in the first quarter. New York State Common Retirement Fund now owns 62,054 shares of the transportation company’s stock valued at $6,676,000 after purchasing an additional 3,200 shares during the period. CWM LLC raised its position in XPO by 16.8% during the first quarter. CWM LLC now owns 1,114 shares of the transportation company’s stock worth $120,000 after acquiring an additional 160 shares during the period. Signaturefd LLC lifted its holdings in XPO by 10.6% during the first quarter. Signaturefd LLC now owns 1,363 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 131 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 209 shares during the period. Finally, Archer Investment Corp acquired a new position in shares of XPO during the 1st quarter worth about $91,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Down 1.1%

Shares of XPO stock opened at $133.96 on Friday. The stock has a 50 day moving average of $132.30 and a 200 day moving average of $127.24. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 2.51 and a beta of 1.99. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Susquehanna restated a “positive” rating and issued a $162.00 price objective on shares of XPO in a report on Friday, October 31st. Truist Financial set a $145.00 target price on shares of XPO in a report on Tuesday, October 14th. Wall Street Zen raised XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial upped their target price on XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Twenty research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.40.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

About XPO

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.