XPO, Inc. $XPO Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lowered its position in shares of XPO, Inc. (NYSE:XPO) by 7.8% in the 2nd quarter, Holdings Channel reports. The fund owned 88,036 shares of the transportation company’s stock after selling 7,462 shares during the period. Thornburg Investment Management Inc.’s holdings in XPO were worth $11,118,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. SouthState Corp bought a new position in XPO in the 1st quarter worth about $25,000. RMG Wealth Management LLC bought a new stake in shares of XPO during the second quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new position in shares of XPO during the second quarter worth approximately $42,000. MassMutual Private Wealth & Trust FSB grew its holdings in XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after buying an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after buying an additional 149 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

Shares of XPO opened at $140.02 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm’s 50 day moving average is $132.04 and its 200-day moving average is $128.45. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The stock has a market capitalization of $16.44 billion, a P/E ratio of 48.45, a P/E/G ratio of 2.51 and a beta of 1.99.

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

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XPO shares. Evercore ISI lifted their target price on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Stifel Nicolaus set a $149.00 price target on XPO in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of XPO in a report on Friday, October 31st. Citigroup increased their target price on shares of XPO from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Oppenheimer set a $154.00 price target on shares of XPO and gave the stock an “outperform” rating in a research report on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.52.

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.