Douglas Lane & Associates LLC Reduces Holdings in XPO, Inc. $XPO

Douglas Lane & Associates LLC reduced its position in XPO, Inc. (NYSE:XPO) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 208,920 shares of the transportation company’s stock after selling 11,230 shares during the period. Douglas Lane & Associates LLC’s holdings in XPO were worth $36,766,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quintet Private Bank Europe S.A. increased its position in XPO by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 9,400 shares of the transportation company’s stock worth $1,654,000 after buying an additional 4,700 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of XPO by 23.9% in the third quarter. Versant Capital Management Inc now owns 623 shares of the transportation company’s stock valued at $110,000 after buying an additional 120 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of XPO by 16.3% during the 2nd quarter. QRG Capital Management Inc. now owns 7,116 shares of the transportation company’s stock worth $1,461,000 after acquiring an additional 997 shares during the period. Andra AP fonden bought a new position in shares of XPO during the 2nd quarter worth approximately $16,854,000. Finally, Tidal Investments LLC increased its holdings in shares of XPO by 45.4% during the 2nd quarter. Tidal Investments LLC now owns 7,452 shares of the transportation company’s stock worth $1,530,000 after acquiring an additional 2,328 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XPO. The Goldman Sachs Group restated a “buy” rating and issued a $247.00 price target on shares of XPO in a research note on Thursday, July 30th. Sanford C. Bernstein began coverage on shares of XPO in a report on Thursday, September 10th. They issued an “outperform” rating and a $244.00 price objective on the stock. Stephens increased their price objective on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Oppenheimer raised their target price on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $223.55.

XPO Price Performance

NYSE:XPO traded down $0.49 during trading hours on Friday, reaching $181.46. 241,448 shares of the company were exchanged, compared to its average volume of 1,421,970. The company has a market capitalization of $21.25 billion, a P/E ratio of 53.49, a P/E/G ratio of 1.81 and a beta of 1.85. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average of $189.37 and a 200 day moving average of $202.01.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.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 firm earned $1.05 EPS. Research analysts forecast that XPO, Inc. will post 5.45 EPS for the current year.

Insider Buying and Selling

In related news, COO David Bates sold 2,615 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the transaction, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,730 shares of company stock worth $2,208,974. Company insiders own 0.87% of the company’s stock.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.