New York State Teachers Retirement System Sells 2,898 Shares of XPO, Inc. $XPO

New York State Teachers Retirement System cut its position in XPO, Inc. (NYSE:XPO) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,101 shares of the transportation company’s stock after selling 2,898 shares during the quarter. New York State Teachers Retirement System’s holdings in XPO were worth $14,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XPO. SouthState Corp acquired a new stake in shares of XPO in the first quarter valued at about $25,000. RMG Wealth Management LLC bought a new stake in XPO during the 2nd quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 111 shares during the period. Farther Finance Advisors LLC grew its holdings in XPO by 63.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after buying an additional 165 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company’s stock worth $57,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 5,875 shares of the company’s stock, valued at approximately $793,360. This represents a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Wednesday, October 1st. Evercore ISI increased their price target on shares of XPO from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Stifel Nicolaus decreased their price target on shares of XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company increased their target price on shares of XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

XPO Price Performance

NYSE:XPO opened at $129.74 on Friday. The company has a 50-day moving average of $130.35 and a 200-day moving average of $121.78. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.61 and a beta of 1.95. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01.

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

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.