Jag Capital Management LLC Sells 34,196 Shares of XPO, Inc. (NYSE:XPO)

Jag Capital Management LLC decreased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 31.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,880 shares of the transportation company's stock after selling 34,196 shares during the period. XPO comprises approximately 1.1% of Jag Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Jag Capital Management LLC owned approximately 0.06% of XPO worth $7,948,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Argent Trust Co increased its stake in XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after acquiring an additional 75 shares during the period. Larson Financial Group LLC increased its stake in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the period. Scientech Research LLC increased its stake in XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after acquiring an additional 84 shares during the period. SageView Advisory Group LLC increased its stake in XPO by 2.1% during the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after acquiring an additional 96 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in XPO by 1.3% during the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after acquiring an additional 100 shares during the period. Institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna lifted their price target on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Wells Fargo & Company decreased their price target on XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Oppenheimer decreased their price target on XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Raymond James Financial decreased their price target on XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lifted their price target on XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $134.37.

XPO Trading Up 2.9%

Shares of XPO stock opened at $127.74 on Friday. The firm has a market capitalization of $15.05 billion, a P/E ratio of 39.30, a P/E/G ratio of 2.34 and a beta of 1.92. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock's fifty day simple moving average is $115.92 and its 200 day simple moving average is $121.97.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.81 EPS. XPO's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has approved a share repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.

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