Hood River Capital Management LLC Sells 183,811 Shares of XPO, Inc. (NYSE:XPO)

Hood River Capital Management LLC decreased its stake in shares of XPO, Inc. (NYSE:XPO) by 23.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,200 shares of the transportation company’s stock after selling 183,811 shares during the period. XPO makes up about 1.3% of Hood River Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Hood River Capital Management LLC owned about 0.50% of XPO worth $62,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors lifted its holdings in shares of 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 in the last quarter. D1 Capital Partners L.P. bought a new stake in XPO in the 2nd quarter valued at approximately $271,532,000. Norges Bank bought a new stake in XPO in the 4th quarter valued at approximately $79,592,000. Clearbridge Investments LLC boosted its position in XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after acquiring an additional 560,079 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of XPO by 13.1% during the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after acquiring an additional 503,388 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 2.4 %

NYSE XPO opened at $112.50 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.11. The company has a 50 day moving average of $113.22 and a 200-day moving average of $113.26. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on XPO. Stifel Nicolaus raised their target price on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Bank of America cut their price objective on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company decreased their target price on XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Stephens reaffirmed an “overweight” rating and set a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Finally, Susquehanna upped their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average target price of $130.18.

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.