XPO, Inc. $XPO Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 16.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 63,422 shares of the transportation company’s stock after selling 12,839 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in XPO were worth $12,339,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Toth Financial Advisory Corp grew its position in shares of XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in XPO in the fourth quarter valued at $28,000. Torren Management LLC purchased a new stake in XPO in the fourth quarter valued at $37,000. International Assets Investment Management LLC acquired a new position in XPO in the fourth quarter valued at $41,000. Finally, Horizon Investments LLC acquired a new position in XPO in the third quarter valued at $39,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE XPO opened at $212.60 on Monday. The stock has a fifty day moving average price of $210.31 and a 200 day moving average price of $197.69. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $24.96 billion, a PE ratio of 72.81, a P/E/G ratio of 2.44 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. Sell-side analysts forecast that XPO, Inc. will post 4.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Citigroup began coverage on XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Truist Financial set a $240.00 price target on XPO in a research note on Friday, May 1st. Stifel Nicolaus lifted their price target on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets boosted their price objective on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $219.76.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

XPO 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.