Rice Hall James & Associates LLC Sells 4,418 Shares of XPO, Inc. $XPO

Rice Hall James & Associates LLC reduced its position in XPO, Inc. (NYSE:XPO) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 219,176 shares of the transportation company’s stock after selling 4,418 shares during the period. XPO comprises approximately 1.6% of Rice Hall James & Associates LLC’s portfolio, making the stock its 14th largest holding. Rice Hall James & Associates LLC’s holdings in XPO were worth $29,788,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its stake in shares of XPO by 3.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the transportation company’s stock valued at $1,874,000 after purchasing an additional 503 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in shares of XPO by 631.5% in the 4th quarter. Resources Management Corp CT ADV now owns 9,532 shares of the transportation company’s stock valued at $1,295,000 after purchasing an additional 8,229 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of XPO by 31.1% in the 4th quarter. MML Investors Services LLC now owns 3,348 shares of the transportation company’s stock valued at $455,000 after purchasing an additional 795 shares during the last quarter. Mariner LLC boosted its stake in shares of XPO by 40.7% in the 4th quarter. Mariner LLC now owns 2,628 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 760 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new stake in shares of XPO in the 4th quarter valued at $226,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Down 3.7%

Shares of NYSE XPO opened at $219.90 on Tuesday. The firm has a market cap of $25.82 billion, a PE ratio of 75.31, a P/E/G ratio of 2.65 and a beta of 1.83. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05. The company’s fifty day simple moving average is $213.57 and its 200 day simple moving average is $184.43. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. XPO’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Jefferies Financial Group upped their price objective on shares of XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Oppenheimer upped their price objective on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Bank of America upped their price objective on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Two 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $218.10.

About XPO

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.