XPO, Inc. $XPO Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,693 shares of the transportation company’s stock after selling 3,465 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in XPO were worth $37,782,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XPO. Parallel Advisors LLC grew its stake in shares of XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 49 shares during the period. V Square Quantitative Management LLC lifted its position in shares of XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after buying an additional 60 shares during the period. North Dakota State Investment Board lifted its position in shares of XPO by 2.4% during the 3rd quarter. North Dakota State Investment Board now owns 3,490 shares of the transportation company’s stock worth $614,000 after buying an additional 81 shares during the period. Axxcess Wealth Management LLC boosted its stake in XPO by 7.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,182 shares of the transportation company’s stock valued at $208,000 after buying an additional 82 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in XPO by 2.3% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,193 shares of the transportation company’s stock valued at $816,000 after buying an additional 96 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at XPO

In other news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David J. 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 transaction of $469,157.15. Following the sale, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,095 shares of company stock valued at $2,860,208. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

XPO has been the topic of several research analyst reports. Stifel Nicolaus set a $235.00 price objective on shares of XPO in a research note on Friday, October 30th. Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Truist Financial cut their price target on shares of XPO from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Stephens lifted their price objective on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Citizens Jmp assumed coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $221.45.

XPO Stock Down 1.6%

NYSE:XPO opened at $188.07 on Thursday. XPO, Inc. has a 1 year low of $124.82 and a 1 year high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.52. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.74 and a beta of 1.87. The stock has a 50-day moving average price of $183.58 and a two-hundred day moving average price of $196.77.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $1.07 earnings per share. XPO’s revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts expect that XPO, Inc. will post 5.77 earnings per share for the current year.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.