XPO, Inc. (NYSE:XPO) Shares Acquired by Symmetry Partners LLC

Symmetry Partners LLC boosted its stake in XPO, Inc. (NYSE:XPO) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,605 shares of the transportation company’s stock after acquiring an additional 610 shares during the period. Symmetry Partners LLC’s holdings in XPO were worth $1,126,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in shares of XPO by 182.6% in the 2nd quarter. Mather Group LLC. now owns 619 shares of the transportation company’s stock worth $66,000 after buying an additional 400 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in XPO in the second quarter valued at approximately $37,000. Cetera Advisors LLC bought a new position in shares of XPO during the first quarter valued at approximately $235,000. Virtu Financial LLC raised its position in shares of XPO by 144.8% during the 1st quarter. Virtu Financial LLC now owns 14,575 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 8,622 shares during the period. Finally, Comerica Bank lifted its holdings in shares of XPO by 10.8% in the 1st quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock worth $6,654,000 after purchasing an additional 5,336 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction 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 sale, the director now directly owns 6,965 shares of the company’s stock, valued at $727,981.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the completion of the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the sale, the director now directly owns 6,965 shares in the company, valued at $727,981.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

XPO Price Performance

XPO stock traded down $2.59 during midday trading on Friday, hitting $112.04. The company’s stock had a trading volume of 529,677 shares, compared to its average volume of 1,494,555. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $13.03 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 1.76 and a beta of 2.10. The stock’s 50-day moving average price is $107.99 and its 200-day moving average price is $112.12.

XPO (NYSE:XPO) last released its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Analysts anticipate that XPO, Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen upped their price objective on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Stephens restated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Friday, June 7th. Evercore ISI cut 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. Stifel Nicolaus boosted their target price on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company began coverage on shares of XPO in a research note on Friday, June 7th. They issued an “overweight” rating and a $125.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.17.

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.