The Manufacturers Life Insurance Company Trims Stake in XPO, Inc. $XPO

The Manufacturers Life Insurance Company cut its stake in XPO, Inc. (NYSE:XPOFree Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,595 shares of the transportation company’s stock after selling 4,305 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of XPO worth $11,594,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XPO. Parallel Advisors LLC grew its holdings in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after acquiring an additional 49 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of XPO by 19.1% in the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 60 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 60 shares during the period. Root Financial Partners LLC boosted its position in shares of XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 63 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of XPO by 4.4% during the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 63 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XPO. Bank of America increased their price objective on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $247.00 target price on shares of XPO in a research report on Thursday. Truist Financial set a $240.00 price target on shares of XPO in a research note on Friday, May 1st. Morgan Stanley set a $105.00 price target on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings lowered shares of XPO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

View Our Latest Report on XPO

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

XPO Trading Down 1.7%

Shares of XPO stock opened at $197.54 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05. The stock has a market capitalization of $23.19 billion, a P/E ratio of 58.27, a P/E/G ratio of 2.25 and a beta of 1.85. The firm’s 50 day moving average is $210.09 and its 200 day moving average is $200.04.

XPO (NYSE:XPOGet Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. Research analysts expect that XPO, Inc. will post 5.04 earnings per share for the current year.

About XPO

(Free Report)

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.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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