Primecap Management Co. CA Sells 2,000 Shares of XPO, Inc. (NYSE:XPO)

Primecap Management Co. CA trimmed its position in XPO, Inc. (NYSE:XPO) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,100 shares of the transportation company’s stock after selling 2,000 shares during the quarter. Primecap Management Co. CA owned about 0.47% of XPO worth $58,499,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of XPO during the 1st quarter valued at $27,000. Riverview Trust Co bought a new stake in XPO during the first quarter valued at about $31,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 258 shares during the period. Quest Partners LLC purchased a new position in shares of XPO in the second quarter valued at about $28,000. Finally, ORG Partners LLC bought a new position in shares of XPO in the first quarter worth about $36,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 1.3 %

NYSE XPO opened at $110.81 on Wednesday. XPO, Inc. has a 52 week low of $65.80 and a 52 week high of $130.51. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 1.72 and a beta of 2.11. 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 company has a fifty day moving average of $112.72 and a two-hundred day moving average of $113.48.

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

Analysts Set New Price Targets

A number of research analysts recently commented on XPO shares. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Friday, August 2nd. TD Cowen lowered their target price on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company cut their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Raymond James decreased their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. cut their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Two investment 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.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.