Jag Capital Management LLC Reduces Holdings in XPO, Inc. $XPO

Key Points

• Jag Capital Management LLC significantly reduced its holdings in XPO, Inc. by 97.4% during the second quarter, now owning just 1,923 shares valued at approximately $243,000.
• Several hedge funds increased their stakes in XPO, with Envestnet Portfolio Solutions Inc. growing its position by 140.2%—now owning 12,256 shares worth $1,548,000.
• XPO has received mixed analyst ratings, with Bank of America raising its price target from $139.00 to $150.00 and maintaining a "buy" rating, while Morgan Stanley lowered its target from $84.00 to $83.00, designating an "underweight" rating.

Jag Capital Management LLC decreased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 97.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,923 shares of the transportation company's stock after selling 71,957 shares during the quarter. Jag Capital Management LLC's holdings in XPO were worth $243,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in XPO. Envestnet Portfolio Solutions Inc. grew its stake in XPO by 140.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,256 shares of the transportation company's stock worth $1,548,000 after buying an additional 7,153 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of XPO by 88.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 46,491 shares of the transportation company's stock worth $6,019,000 after acquiring an additional 21,859 shares during the last quarter. CWM LLC grew its position in shares of XPO by 24.1% during the second quarter. CWM LLC now owns 1,382 shares of the transportation company's stock worth $175,000 after acquiring an additional 268 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of XPO by 12.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,174 shares of the transportation company's stock worth $1,664,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of XPO by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 33,100 shares of the transportation company's stock worth $4,180,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of several research reports. Bank of America raised their price objective 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. Raymond James Financial reissued an "outperform" rating on shares of XPO in a report on Tuesday. Morgan Stanley lowered their price target on XPO from $84.00 to $83.00 and set an "underweight" rating on the stock in a report on Monday, October 6th. Truist Financial raised their price target on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, Wall Street Zen upgraded XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Nineteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, XPO presently has an average rating of "Moderate Buy" and a consensus target price of $141.25.

Insider Activity at XPO

In related news, Director Allison Landry sold 3,250 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were 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 of the company's stock, valued at approximately $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company's stock.

XPO Stock Down 0.7%

XPO stock opened at $128.50 on Tuesday. 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, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a market cap of $15.13 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.95. The stock's 50 day moving average price is $129.64 and its 200 day moving average price is $121.29.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The firm had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. On average, sell-side analysts predict 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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