XPO, Inc. $XPO Holdings Reduced by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 74.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,620 shares of the transportation company’s stock after selling 342,865 shares during the period. Neuberger Berman Group LLC owned 0.10% of XPO worth $14,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SouthState Corp acquired a new stake in XPO in the 1st quarter valued at approximately $25,000. RMG Wealth Management LLC acquired a new position in shares of XPO during the second quarter valued at $26,000. FNY Investment Advisers LLC acquired a new position in shares of XPO during the second quarter valued at $42,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after purchasing an additional 149 shares during the period. 97.73% of the stock is owned by institutional investors.

Insider Activity

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

XPO Trading Up 0.2%

Shares of XPO opened at $142.06 on Friday. The business’s 50-day moving average price is $132.70 and its 200 day moving average price is $128.74. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $16.68 billion, a P/E ratio of 49.16, a P/E/G ratio of 2.51 and a beta of 1.99. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of ($2,243.00) million during the quarter. Analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus set a $149.00 price target on shares of XPO in a research report on Friday, October 31st. Citigroup upped their price objective on XPO from $155.00 to $159.00 and gave the company a “buy” rating in a report on Friday, October 31st. Truist Financial set a $145.00 target price on XPO in a report on Tuesday, October 14th. Oppenheimer set a $154.00 price objective on shares of XPO and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Benchmark boosted their target price on shares of XPO from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.86.

XPO Company Profile

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.