Groupama Asset Managment Decreases Stock Holdings in XPO, Inc. $XPO

Groupama Asset Managment trimmed its stake in shares of XPO, Inc. (NYSE:XPO) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 648,476 shares of the transportation company’s stock after selling 7,329 shares during the period. XPO makes up 1.3% of Groupama Asset Managment’s investment portfolio, making the stock its 19th largest holding. Groupama Asset Managment’s holdings in XPO were worth $88,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Primecap Management Co. CA increased its holdings in shares of XPO by 6.3% in the third quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company’s stock worth $75,951,000 after purchasing an additional 35,050 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of XPO in the third quarter worth approximately $29,997,000. Citigroup Inc. increased its stake in XPO by 694.2% in the third quarter. Citigroup Inc. now owns 161,906 shares of the transportation company’s stock worth $20,930,000 after purchasing an additional 141,521 shares during the period. Econ Financial Services Corp bought a new stake in XPO during the 4th quarter valued at about $1,837,000. Finally, Calamos Advisors LLC raised its stake in shares of XPO by 247.8% during the fourth quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after acquiring an additional 9,956 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

XPO stock opened at $199.56 on Friday. The business’s 50-day moving average is $213.75 and its two-hundred day moving average is $185.77. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $232.05. The firm has a market capitalization of $23.43 billion, a P/E ratio of 68.34, a P/E/G ratio of 2.34 and a beta of 1.83.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on XPO shares. Oppenheimer boosted their price objective on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley set a $105.00 price objective on XPO and gave the company an “underweight” rating in a report on Friday, May 1st. TD Cowen increased their target price on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $237.00 target price on XPO in a research report on Friday, May 1st. Finally, Benchmark lifted their target price on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $218.10.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

XPO Company Profile

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.