XPO, Inc. $XPO Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP lessened its position in shares of XPO, Inc. (NYSE:XPO) by 3.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,517,500 shares of the transportation company’s stock after selling 55,000 shares during the quarter. XPO comprises approximately 2.0% of Findlay Park Partners LLP’s holdings, making the stock its 19th largest position. Findlay Park Partners LLP’s holdings in XPO were worth $191,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its position in XPO by 67.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 11,014 shares of the transportation company’s stock worth $1,391,000 after purchasing an additional 4,420 shares in the last quarter. Choreo LLC purchased a new stake in XPO during the second quarter worth approximately $603,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of XPO in the second quarter worth $344,000. Global Retirement Partners LLC purchased a new position in shares of XPO in the 2nd quarter valued at $413,000. Finally, Eisler Capital Management Ltd. acquired a new position in shares of XPO during the 2nd quarter valued at $14,521,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Up 1.0%

NYSE:XPO opened at $141.39 on Thursday. 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 company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 48.92, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The stock has a 50-day simple moving average of $132.27 and a 200 day simple moving average of $128.54.

XPO (NYSE:XPO) last announced its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Insider Transactions at XPO

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XPO. JPMorgan Chase & Co. increased their price target on XPO from $144.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Wells Fargo & Company upped their target price on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Redburn Partners set a $156.00 target price on XPO in a report on Wednesday. Evercore ISI increased their price objective on shares of XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Benchmark upped their target price on shares of XPO from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.86.

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.