Kennedy Capital Management LLC Sells 27,018 Shares of XPO, Inc. (NYSE:XPO)

Kennedy Capital Management LLC reduced its position in shares of XPO, Inc. (NYSE:XPO) by 23.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,681 shares of the transportation company’s stock after selling 27,018 shares during the quarter. Kennedy Capital Management LLC owned 0.08% of XPO worth $10,822,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XPO. Mather Group LLC. bought a new stake in shares of XPO during the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of XPO by 170.2% during the 4th 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 period. Riverview Trust Co bought a new stake in shares of XPO during the 1st quarter valued at about $31,000. ORG Partners LLC bought a new position in shares of XPO during the 1st quarter valued at approximately $36,000. Finally, Rise Advisors LLC bought a new position in shares of XPO during the 1st quarter valued at approximately $37,000. 97.73% of the stock is currently owned by institutional investors.

Insider Transactions at XPO

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

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Friday, June 7th. Oppenheimer boosted their price objective on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Evercore ISI cut their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a research note on Friday, June 7th. Finally, TD Cowen upped their price target on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.45.

XPO Trading Up 1.8 %

XPO stock traded up $1.97 during midday trading on Tuesday, reaching $112.43. The company’s stock had a trading volume of 1,241,947 shares, compared to its average volume of 1,472,299. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day simple moving average of $107.22 and a two-hundred day simple moving average of $110.96. XPO, Inc. has a 1 year low of $64.70 and a 1 year high of $130.51. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 54.15, a PEG ratio of 1.74 and a beta of 2.10.

XPO (NYSE:XPO) last released its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that XPO, Inc. will post 3.54 EPS for the current year.

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.