Hauser Brothers GmbH Sells 62,700 Shares of XPO, Inc. $XPO

Key Points

• Hauser Brothers GmbH has reduced its holdings in XPO, Inc. by 24.9%, selling 62,700 shares, and now owns 189,600 shares, representing 19.4% of their portfolio.
• Several hedge funds, including SouthState Corp and MassMutual Private Wealth, have increased their stakes in XPO during the first quarter, indicating positive sentiment among institutional investors.
• XPO's latest quarterly earnings surpassed estimates, reporting $1.05 EPS and $2.08 billion in revenue, with a current consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Hauser Brothers GmbH lessened its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 24.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,600 shares of the transportation company's stock after selling 62,700 shares during the quarter. XPO comprises about 19.4% of Hauser Brothers GmbH's holdings, making the stock its 3rd biggest holding. Hauser Brothers GmbH owned about 0.16% of XPO worth $20,397,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SouthState Corp acquired a new stake in shares of XPO during the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after purchasing an additional 209 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of XPO during the first quarter worth about $91,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on XPO. Truist Financial increased their price target 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. Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Oppenheimer upped their target price on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. upped their target price on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company upped their target price on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Stock Performance

Shares of XPO stock opened at $137.4040 on Monday. The firm has a market capitalization of $16.18 billion, a P/E ratio of 47.54, a P/E/G ratio of 2.65 and a beta of 1.97. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The firm's 50 day moving average is $127.85 and its two-hundred day moving average is $118.95.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $2.08 billion for 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 firm's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. Research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO 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.

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