Voya Investment Management LLC Trims Stock Holdings in XPO, Inc. $XPO

Voya Investment Management LLC lowered its holdings in XPO, Inc. (NYSE:XPO) by 45.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,348 shares of the transportation company’s stock after selling 11,178 shares during the period. Voya Investment Management LLC’s holdings in XPO were worth $1,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. grew its stake in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after buying an additional 3,945,683 shares in the last quarter. Durable Capital Partners LP boosted its holdings in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank purchased a new position in shares of XPO in the second quarter valued at $168,840,000. Cooke & Bieler LP bought a new stake in shares of XPO during the 2nd quarter valued at $108,218,000. Finally, Orbis Allan Gray Ltd lifted its holdings in XPO by 16.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after purchasing an additional 452,891 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

Shares of NYSE:XPO opened at $139.00 on Tuesday. The company’s fifty day moving average price is $137.85 and its 200-day moving average price is $132.21. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 50.00, a PEG ratio of 2.81 and a beta of 2.03. XPO, Inc. has a one year low of $85.06 and a one year high of $155.08.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. On average, equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on XPO shares. Cowen restated a “buy” rating on shares of XPO in a research note on Friday, October 31st. Susquehanna restated a “positive” rating and issued a $162.00 price objective on shares of XPO in a research report on Friday, October 31st. Raymond James Financial upped their target price on shares of XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Evercore ISI increased their target price on shares of XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, UBS Group boosted their price target on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.67.

About XPO

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.