Baird Financial Group Inc. Reduces Holdings in XPO, Inc. $XPO

Key Points

• Baird Financial Group reduced its XPO stake by 15.5% in the second quarter, selling 26,133 shares and retaining 142,900 shares valued at approximately $29.3 million. Institutional investors collectively own 97.73% of XPO.
• XPO reported a quarterly earnings beat, posting $1.70 in EPS versus the $1.48 consensus and revenue of $2.35 billion versus expectations of $2.28 billion. Revenue increased 13.2% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $225.82, although XPO shares opened at $182.49 and were below their 50-day and 200-day moving averages.

Baird Financial Group Inc. cut its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,900 shares of the transportation company's stock after selling 26,133 shares during the period. Baird Financial Group Inc. owned 0.12% of XPO worth $29,336,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in XPO. Keating Financial Advisory Services Inc. purchased a new position in XPO during the second quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in shares of XPO during the second quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in XPO during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC bought a new position in shares of XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC bought a new stake in XPO in the 3rd quarter worth $39,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Down 1.0%

Shares of XPO opened at $182.49 on Friday. The business has a fifty day moving average of $201.36 and a 200 day moving average of $204.59. The company has a market cap of $21.37 billion, a PE ratio of 53.83, a P/E/G ratio of 1.88 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. On average, sell-side analysts expect that XPO, Inc. will post 5.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of XPO from $221.00 to $220.00 and set a "neutral" rating on the stock in a research report on Tuesday. Evercore raised XPO from an "in-line" rating to an "outperform" rating in a research report on Wednesday, July 1st. UBS Group raised their price objective on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Oppenheimer boosted their price target on XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $225.82.

Insider Transactions at XPO

In other XPO news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company's stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

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