Arnhold LLC Has $16.70 Million Position in XPO, Inc. $XPO

Key Points

• Arnhold LLC decreased its position in XPO, Inc. by 20.2% in Q2, now holding approximately 132,206 shares, representing 1.5% of its portfolio.
• Analysts have varying price targets, with Raymond James raising their target to $150 and several firms maintaining a consensus "Moderate Buy" rating with an average price objective of $143.
• Insider activity included Director Allison Landry selling 3,250 shares at an average price of $135.04, reducing her ownership by 35.62%.

Arnhold LLC cut its position in XPO, Inc. (NYSE:XPO - Free Report) by 20.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,206 shares of the transportation company's stock after selling 33,533 shares during the quarter. XPO accounts for about 1.5% of Arnhold LLC's portfolio, making the stock its 24th largest holding. Arnhold LLC owned about 0.11% of XPO worth $16,696,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock worth $235,000 after purchasing an additional 78 shares in the last quarter. Securian Asset Management Inc. increased its position in XPO by 1.2% during the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock worth $958,000 after purchasing an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock valued at $44,000 after acquiring an additional 111 shares during the period. Signaturefd LLC increased its position in XPO by 10.6% in the 1st quarter. Signaturefd LLC now owns 1,363 shares of the transportation company's stock valued at $147,000 after acquiring an additional 131 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in XPO by 0.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,802 shares of the transportation company's stock valued at $2,561,000 after acquiring an additional 142 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on XPO. TD Cowen decreased their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Raymond James Financial upped their price target on shares of XPO from $132.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday. Bank of America increased their price objective on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. decreased their price objective on shares of XPO from $156.00 to $144.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

Insider Activity

In other news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

XPO Trading Down 1.0%

NYSE:XPO opened at $129.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.63 and a beta of 1.95. The firm has a fifty day simple moving average of $130.35 and a two-hundred day simple moving average of $121.70. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. Analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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.

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