City Holding Co. Lowers Position in XPO, Inc. (NYSE:XPO)

City Holding Co. trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,915 shares of the transportation company’s stock after selling 4,205 shares during the quarter. City Holding Co.’s holdings in XPO were worth $600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of XPO by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock valued at $956,755,000 after acquiring an additional 128,214 shares during the period. Capital Research Global Investors lifted its position in XPO by 49.9% in the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after purchasing an additional 3,094,390 shares during the period. Capital World Investors lifted its holdings in shares of XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after buying an additional 503,388 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of XPO by 44.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock worth $132,745,000 after purchasing an additional 463,267 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of XPO by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after acquiring an additional 67,797 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now directly owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares of the company’s stock, valued at $727,981.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

XPO Stock Up 1.9 %

Shares of NYSE XPO traded up $1.99 during trading on Monday, hitting $107.19. The stock had a trading volume of 47,106 shares, compared to its average volume of 1,422,653. The firm has a fifty day moving average of $109.96 and a two-hundred day moving average of $106.80. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $12.47 billion, a PE ratio of 52.54, a PEG ratio of 1.49 and a beta of 2.09. XPO, Inc. has a 12 month low of $51.64 and a 12 month high of $130.51.

XPO (NYSE:XPO) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XPO shares. Benchmark reiterated a “buy” rating and issued a $140.00 price target on shares of XPO in a research note on Friday, June 7th. Bank of America raised their price target on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, April 15th. TD Cowen raised their target price on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Susquehanna reduced their price objective on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and raised their price target for the company from $115.00 to $120.00 in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.45.

XPO 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.