Atlas Capital Advisors LLC Cuts Holdings in XPO, Inc. (NYSE:XPO)

Atlas Capital Advisors LLC lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 25.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 326 shares of the transportation company’s stock after selling 110 shares during the quarter. Atlas Capital Advisors LLC’s holdings in XPO were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in XPO during the first quarter valued at about $27,000. Riverview Trust Co purchased a new position in shares of XPO during the 1st quarter valued at about $31,000. Rise Advisors LLC bought a new stake in XPO in the 1st quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. boosted its stake in XPO by 170.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after buying an additional 211 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in XPO in the fourth quarter worth approximately $46,000. 97.73% of the stock is owned by institutional investors.

Insider Activity at XPO

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 available through the SEC website. In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Allison Landry sold 1,875 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the transaction, 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. 2.00% of the stock is currently owned by corporate insiders.

XPO Stock Down 1.8 %

Shares of NYSE:XPO opened at $103.11 on Friday. The firm has a market capitalization of $11.99 billion, a P/E ratio of 50.54, a P/E/G ratio of 1.49 and a beta of 2.09. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average price of $108.73 and a 200-day moving average price of $107.10. XPO, Inc. has a 52-week low of $56.41 and a 52-week high of $130.51.

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

Analyst Upgrades and Downgrades

XPO has been the subject of a number of research reports. Oppenheimer upped their price objective on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and upped their price target for the company from $115.00 to $120.00 in a research report on Friday, May 24th. Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a report on Friday, June 7th. Susquehanna dropped their target price on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Finally, Raymond James reduced their price target on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $120.70.

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.