XPO, Inc. (NYSE:XPO) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,678 shares of the transportation company’s stock after selling 166,635 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.20% of XPO worth $20,117,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in XPO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company’s stock valued at $805,947,000 after purchasing an additional 54,528 shares during the last quarter. Capital Research Global Investors raised its stake in XPO by 49.9% in the 4th 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 last quarter. Capital World Investors raised its stake in 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 purchasing an additional 503,388 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in XPO by 44.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after purchasing an additional 463,267 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in XPO by 4.8% in 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 purchasing an additional 67,797 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on XPO. TD Cowen increased their price objective on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Stephens reaffirmed an “overweight” rating and issued a $150.00 target price on shares of XPO in a research note on Friday, June 7th. Oppenheimer raised their target price on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Raymond James cut their target price on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Wells Fargo & Company began coverage on XPO in a research note on Friday, June 7th. They issued an “overweight” rating and a $125.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.70.

Insider Activity

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

XPO Stock Performance

Shares of XPO stock opened at $105.03 on Thursday. The business has a 50-day moving average of $109.25 and a 200 day moving average of $107.14. XPO, Inc. has a 12 month low of $53.03 and a 12 month high of $130.51. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 51.49, a price-to-earnings-growth ratio of 1.49 and a beta of 2.09. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94.

XPO (NYSE:XPO) last announced its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. XPO’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. As a group, sell-side analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current year.

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.