Envestnet Asset Management Inc. Cuts Stake in XPO, Inc. $XPO

Envestnet Asset Management Inc. lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 89,084 shares of the transportation company’s stock after selling 3,939 shares during the quarter. Envestnet Asset Management Inc.’s holdings in XPO were worth $11,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund increased its position in shares of XPO by 5.4% in the 1st quarter. New York State Common Retirement Fund now owns 62,054 shares of the transportation company’s stock valued at $6,676,000 after acquiring an additional 3,200 shares during the period. Hawk Ridge Capital Management LP grew its stake in XPO by 15.8% during the 1st quarter. Hawk Ridge Capital Management LP now owns 289,588 shares of the transportation company’s stock valued at $31,154,000 after purchasing an additional 39,500 shares during the last quarter. BNP Paribas Financial Markets grew its stake in XPO by 854.2% during the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after purchasing an additional 493,736 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of XPO in the first quarter valued at about $497,000. Finally, Cresset Asset Management LLC purchased a new position in shares of XPO in the first quarter worth about $445,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 3.3%

Shares of XPO stock opened at $140.76 on Friday. The firm has a 50-day simple moving average of $131.42 and a two-hundred day simple moving average of $125.89. 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, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a market cap of $16.52 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen upped their target price on XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Stifel Nicolaus set a $149.00 price objective on shares of XPO in a research note on Friday, October 31st. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a report on Wednesday, October 8th. Finally, Susquehanna restated a “positive” rating and set a $162.00 target price on shares of XPO in a research report on Friday, October 31st. Twenty investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Insider Activity

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 transaction of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

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.