XPO, Inc. (NYSE:XPO) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its position in shares of XPO, Inc. (NYSE:XPO) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,657 shares of the transportation company’s stock after selling 5,423 shares during the quarter. AQR Capital Management LLC’s holdings in XPO were worth $4,210,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Perennial Investment Advisors LLC raised its stake in shares of XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after buying an additional 103 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 126 shares in the last quarter. Resources Management Corp CT ADV grew its position in shares of XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares during the last quarter. Mystic Asset Management Inc. increased its stake in shares of XPO by 1.7% during the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock worth $1,068,000 after purchasing an additional 150 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after purchasing an additional 154 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 0.3 %

Shares of XPO opened at $106.26 on Friday. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51. The firm has a market capitalization of $12.37 billion, a P/E ratio of 52.09, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10. 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 stock’s fifty day simple moving average is $112.60 and its 200 day simple moving average is $112.39.

XPO (NYSE:XPO) last released 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. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.71 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that XPO, Inc. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on XPO. Oppenheimer reissued an “outperform” rating and set a $140.00 price target on shares of XPO in a research report on Friday. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Wells Fargo & Company reduced their target price 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. Evercore ISI lowered their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday. 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 research note on Wednesday, September 18th. Two 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. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus target price of $130.24.

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.