Channing Capital Management LLC Decreases Position in XPO, Inc. $XPO

Key Points

• Channing Capital Management LLC reduced its stake in XPO, Inc. by 18.7%, now owning 88,538 shares valued at approximately $9.53 million.
• XPO, Inc. recently reported earnings of $1.05 EPS, surpassing analysts' expectations of $0.99, with a total revenue of $2.08 billion for the quarter.
• Nineteen analysts have rated XPO with a Buy recommendation, resulting in a consensus target price of $138.00, indicating positive market sentiment towards the stock.

Channing Capital Management LLC lessened its position in XPO, Inc. (NYSE:XPO - Free Report) by 18.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,538 shares of the transportation company's stock after selling 20,328 shares during the period. Channing Capital Management LLC owned 0.08% of XPO worth $9,525,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp bought a new stake in XPO in the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after acquiring an additional 113 shares during the last quarter. Parallel Advisors LLC grew its holdings in XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after acquiring an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after acquiring an additional 209 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in XPO in the 1st quarter worth $91,000. Institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

XPO has been the subject of several research analyst reports. Bank of America raised their target price 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. Barclays raised their target price on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Truist Financial raised their target price on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Wells Fargo & Company raised their target price on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Susquehanna raised their target price on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research report on Wednesday, June 18th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Stock Up 7.4%

NYSE XPO traded up $9.4840 during trading hours on Friday, reaching $137.4040. 1,996,689 shares of the company's stock traded hands, compared to its average volume of 1,295,165. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The firm has a market cap of $16.18 billion, a PE ratio of 47.54, a PEG ratio of 2.65 and a beta of 1.97. The firm has a 50-day simple moving average of $127.85 and a 200 day simple moving average of $119.14. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same period last year, the company posted $1.12 EPS. XPO's revenue was up .0% on a year-over-year basis. Sell-side analysts anticipate 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.