Primecap Management Co. CA Sells 144,800 Shares of XPO, Inc. (NYSE:XPO)

Primecap Management Co. CA trimmed its position in XPO, Inc. (NYSE:XPOFree Report) by 19.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 585,100 shares of the transportation company’s stock after selling 144,800 shares during the period. Primecap Management Co. CA’s holdings in XPO were worth $51,249,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XPO. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 211 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in XPO during the third quarter valued at $43,000. GAMMA Investing LLC bought a new stake in XPO in the fourth quarter worth $46,000. Quent Capital LLC grew its stake in shares of XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after acquiring an additional 183 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of XPO during the fourth quarter valued at $69,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

NYSE:XPO traded up $2.97 during mid-day trading on Friday, hitting $108.37. 1,269,426 shares of the company traded hands, compared to its average volume of 1,860,429. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The stock’s fifty day moving average price is $117.23 and its 200-day moving average price is $103.93. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 53.12, a price-to-earnings-growth ratio of 1.54 and a beta of 2.17. XPO, Inc. has a one year low of $46.65 and a one year high of $130.51.

XPO (NYSE:XPOGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. Research analysts anticipate that XPO, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on XPO. The Goldman Sachs Group increased their price objective on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and increased their price target for the company from $115.00 to $120.00 in a report on Friday. TD Cowen upped their price objective on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. increased their target price on XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Oppenheimer boosted their price target on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.60.

Read Our Latest Stock Analysis on XPO

Insiders Place Their Bets

In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

About XPO

(Free Report)

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.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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