XPO, Inc. $XPO Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its holdings in XPO, Inc. by 1.1%, owning 1,257,389 shares worth $135.25 million after selling 13,788 shares in the first quarter.
• Institutional investors own 97.73% of XPO's stock, highlighting significant interest from large financial entities.
• Recent analyst reports show varying price targets for XPO, with an average rating of "Moderate Buy" and a projected price target of $138.00 from nineteen research analysts.

Dimensional Fund Advisors LP cut its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,257,389 shares of the transportation company's stock after selling 13,788 shares during the period. Dimensional Fund Advisors LP owned about 1.07% of XPO worth $135,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp bought a new stake in XPO during the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its position in XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. Parallel Advisors LLC grew its stake in XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after purchasing an additional 209 shares during the last quarter. Finally, Archer Investment Corp bought a new position in XPO in the first quarter worth about $91,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on XPO shares. Susquehanna raised their price target on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. Citigroup raised shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Friday, August 1st. Jefferies Financial Group reissued a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Stifel Nicolaus decreased their target price on shares of XPO from $145.00 to $136.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Finally, Morgan Stanley decreased their target price on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, XPO presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Stock Performance

Shares of NYSE XPO traded down $0.39 during midday trading on Wednesday, reaching $135.94. The company had a trading volume of 129,717 shares, compared to its average volume of 1,582,660. The business's 50-day simple moving average is $128.43 and its 200 day simple moving average is $118.97. The stock has a market cap of $16.01 billion, a P/E ratio of 47.04, a P/E/G ratio of 2.60 and a beta of 1.97. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. On average, analysts forecast that XPO, Inc. will post 4.15 earnings per share 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.