Gateway Investment Advisers LLC Decreases Stake in XPO, Inc. $XPO

Key Points

• Gateway Investment Advisers LLC has reduced its stake in XPO, Inc. by 19.2%, holding 11,025 shares valued at approximately $1.39 million.
• Insider transactions include a sale of 3,250 shares by Director Allison Landry at a price of $135.04, decreasing her ownership by 35.62%.
• XPO’s stock has received several upgrades from analysts, with a consensus rating of "Moderate Buy" and an average price target of $138.00.

Gateway Investment Advisers LLC cut its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,025 shares of the transportation company's stock after selling 2,614 shares during the period. Gateway Investment Advisers LLC's holdings in XPO were worth $1,392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its position in XPO by 17.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock worth $223,052,000 after purchasing an additional 306,928 shares during the last quarter. Durable Capital Partners LP boosted its stake in shares of XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock worth $215,730,000 after buying an additional 1,426,394 shares during the period. Findlay Park Partners LLP grew its holdings in shares of XPO by 11.6% during the first quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company's stock worth $169,170,000 after buying an additional 163,300 shares during the last quarter. Raymond James Financial Inc. increased its position in XPO by 9.4% in the 1st quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock valued at $81,770,000 after acquiring an additional 65,023 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in XPO by 854.2% during the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock valued at $59,335,000 after acquiring an additional 493,736 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 3,250 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XPO shares. UBS Group lifted their target price on XPO from $123.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Bank of America lifted their price objective on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Benchmark upped their price objective on shares of XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of XPO in a report on Tuesday, June 10th. Finally, Citigroup reiterated a "buy" rating on shares of XPO in a research note on Wednesday, September 10th. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Trading Down 0.5%

NYSE:XPO traded down $0.72 on Friday, reaching $130.92. The stock had a trading volume of 1,176,024 shares, compared to its average volume of 1,099,615. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 45.30, a P/E/G ratio of 2.54 and a beta of 1.96. The firm's fifty day moving average is $129.49 and its two-hundred day moving average is $118.85. 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 posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. Equities analysts expect that XPO, Inc. will post 4.15 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.