XPO, Inc. (NYSE:XPO) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,545 shares of the transportation company’s stock after selling 139 shares during the quarter. Sargent Investment Group LLC’s holdings in XPO were worth $1,013,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in XPO in the first quarter valued at $27,000. Blue Trust Inc. raised its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC acquired a new position in XPO in the 2nd quarter valued at $28,000. Riverview Trust Co purchased a new position in XPO in the 1st quarter valued at $31,000. Finally, ORG Partners LLC acquired a new stake in XPO during the 1st quarter worth $36,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 0.1 %

Shares of NYSE XPO opened at $109.36 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The business’s 50 day moving average is $112.52 and its two-hundred day moving average is $113.55. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 1.72 and a beta of 2.11.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Research analysts predict that XPO, Inc. will post 3.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on XPO shares. Susquehanna reduced their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. TD Cowen decreased their target price on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Friday, August 2nd. Finally, Stephens restated an “overweight” rating and issued a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.29.

About XPO

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.