Strs Ohio Trims Stock Position in XPO, Inc. $XPO

Strs Ohio decreased its holdings in XPO, Inc. (NYSE:XPO) by 37.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,842 shares of the transportation company’s stock after selling 15,904 shares during the quarter. Strs Ohio’s holdings in XPO were worth $5,222,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XPO. Durable Capital Partners LP increased its holdings in XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares during the last quarter. Norges Bank purchased a new position in shares of XPO during the 4th quarter worth $204,304,000. Bessemer Group Inc. grew its position in shares of XPO by 228,761.0% during the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after acquiring an additional 1,120,929 shares during the period. Invesco Ltd. increased its stake in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Finally, Capital World Investors raised its holdings in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on XPO. TD Cowen boosted their price target on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Jefferies Financial Group lifted their price objective on XPO to $275.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus set a $237.00 price objective on XPO in a research note on Friday, May 1st. Finally, Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.33.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of XPO 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 sale, the director owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by insiders.

XPO Price Performance

Shares of NYSE:XPO traded down $2.37 during trading on Tuesday, hitting $204.41. 30,774 shares of the company’s stock were exchanged, compared to its average volume of 1,640,159. The business’s 50-day simple moving average is $210.12 and its 200 day simple moving average is $190.76. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 69.90, a PEG ratio of 2.39 and a beta of 1.85. XPO, Inc. has a 52-week low of $116.68 and a 52-week high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm earned $0.73 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that XPO, Inc. will post 4.87 EPS for the current year.

XPO 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.