Hancock Whitney Corp Lowers Holdings in XPO, Inc. (NYSE:XPO)

Hancock Whitney Corp reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,568 shares of the transportation company’s stock after selling 369 shares during the quarter. Hancock Whitney Corp’s holdings in XPO were worth $1,865,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of XPO during the 4th quarter valued at approximately $79,592,000. CenterBook Partners LP acquired a new position in shares of XPO in the fourth quarter worth about $779,000. Janney Montgomery Scott LLC boosted its stake in shares of XPO by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after acquiring an additional 1,712 shares in the last quarter. Empirical Capital Management LLC acquired a new stake in shares of XPO during the 4th quarter valued at about $4,380,000. Finally, Boulder Hill Capital Management LP purchased a new position in shares of XPO in the 4th quarter valued at about $692,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Bank of America dropped their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, Raymond James cut their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Stock Down 2.4 %

Shares of NYSE:XPO opened at $112.50 on Friday. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The stock has a market cap of $13.09 billion, a P/E ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.11. The business has a fifty day moving average of $113.22 and a two-hundred day moving average of $113.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

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

XPO Company 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.