XPO, Inc. (NYSE:XPO) Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. reduced its stake in XPO, Inc. (NYSE:XPO) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,125 shares of the transportation company’s stock after selling 443 shares during the period. Legacy Capital Group California Inc.’s holdings in XPO were worth $1,075,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Pallas Capital Advisors LLC boosted its position in shares of XPO by 2.2% during the 2nd quarter. Pallas Capital Advisors LLC now owns 28,909 shares of the transportation company’s stock worth $3,208,000 after acquiring an additional 611 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in XPO by 18.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,242 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 196 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in XPO during the second quarter worth approximately $256,000. Raymond James & Associates lifted its position in shares of XPO by 3.1% during the 2nd quarter. Raymond James & Associates now owns 145,167 shares of the transportation company’s stock worth $15,409,000 after buying an additional 4,397 shares during the last quarter. Finally, OFI Invest Asset Management boosted its holdings in shares of XPO by 1,950.5% in the 2nd quarter. OFI Invest Asset Management now owns 2,030 shares of the transportation company’s stock valued at $201,000 after buying an additional 1,931 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares in the company, valued at $727,981.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Friday, June 7th. Stifel Nicolaus raised their target price on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Raymond James cut their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Finally, Evercore ISI lowered their price objective on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.18.

XPO Price Performance

Shares of XPO traded down $2.32 during trading hours on Tuesday, reaching $117.73. The stock had a trading volume of 1,249,726 shares, compared to its average volume of 1,484,846. The stock has a market capitalization of $13.70 billion, a PE ratio of 57.71, a PEG ratio of 1.81 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day moving average is $109.72 and its two-hundred day moving average is $114.17. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. Research analysts expect that XPO, Inc. will post 3.61 EPS for the current year.

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.