iA Global Asset Management Inc. Lowers Position in XPO, Inc. $XPO

iA Global Asset Management Inc. trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 61.7% in the first quarter, Holdings Channel reports. The firm owned 34,880 shares of the transportation company’s stock after selling 56,210 shares during the period. iA Global Asset Management Inc.’s holdings in XPO were worth $6,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Border to Coast Pensions Partnership Ltd purchased a new position in shares of XPO during the 1st quarter worth approximately $36,048,000. Econ Financial Services Corp acquired a new stake in XPO in the 4th quarter valued at approximately $1,837,000. Calamos Advisors LLC raised its position in XPO by 247.8% in the fourth quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 9,956 shares during the period. K.J. Harrison & Partners Inc lifted its stake in XPO by 460.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock worth $3,805,000 after purchasing an additional 23,000 shares in the last quarter. Finally, Game Creek Capital LP lifted its stake in XPO by 23.2% during the third quarter. Game Creek Capital LP now owns 35,000 shares of the transportation company’s stock worth $4,524,000 after purchasing an additional 6,600 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 1.1%

XPO opened at $207.63 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. XPO, Inc. has a one year low of $116.68 and a one year high of $232.05. The company has a market cap of $24.38 billion, a P/E ratio of 71.11, a PEG ratio of 2.38 and a beta of 1.85. The business’s 50-day simple moving average is $211.20 and its 200-day simple moving average is $189.52.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The firm 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 firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, equities research analysts expect that XPO, Inc. will post 4.87 EPS for the current fiscal year.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XPO shares. JPMorgan Chase & Co. lifted their price objective on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Morgan Stanley set a $105.00 target price on XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Barclays lifted their target price on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Oppenheimer increased their price target on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $237.00 price objective on shares of XPO in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.10.

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.