Truist Financial Corp Sells 2,007 Shares of XPO, Inc. (NYSE:XPO)

Truist Financial Corp trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 26.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,702 shares of the transportation company’s stock after selling 2,007 shares during the period. Truist Financial Corp’s holdings in XPO were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. D1 Capital Partners L.P. purchased a new stake in shares of XPO during the second quarter worth $271,532,000. Capital Research Global Investors raised its position in shares of XPO by 9.8% in the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after buying an additional 912,544 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of XPO by 33.4% in the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after buying an additional 560,079 shares in the last quarter. Interval Partners LP raised its position in shares of XPO by 48,850.0% in the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock worth $23,796,000 after buying an additional 195,400 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in XPO during the second quarter valued at about $16,540,000. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XPO shares. Stifel Nicolaus raised their price target on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Susquehanna raised their target price on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Raymond James cut their target price on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. TD Cowen lowered their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Bank of America lowered their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two equities research 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. According to MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $130.35.

XPO Price Performance

Shares of NYSE XPO opened at $115.70 on Wednesday. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51. The firm has a market cap of $13.46 billion, a P/E ratio of 56.72, a PEG ratio of 1.81 and a beta of 2.10. The company has a 50 day moving average of $112.56 and a 200 day moving average of $111.73. 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 announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. As a group, research analysts expect that XPO, Inc. will post 3.55 EPS for the current fiscal 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.