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

Jag Capital Management LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 31.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,880 shares of the transportation company's stock after selling 34,196 shares during the period. XPO comprises 1.1% of Jag Capital Management LLC's portfolio, making the stock its 27th largest position. Jag Capital Management LLC owned 0.06% of XPO worth $7,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. MassMutual Private Wealth & Trust FSB increased its position in XPO by 89.0% during the 1st 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 during the period. Cullen Frost Bankers Inc. increased its position in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO in the fourth quarter worth about $42,000. Larson Financial Group LLC grew its holdings in shares of 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. Finally, Parallel Advisors LLC lifted its stake in shares of XPO by 58.8% in the 1st 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 period. Institutional investors own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Stephens reiterated an "overweight" rating and set a $131.00 target price on shares of XPO in a report on Thursday, June 5th. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. Raymond James Financial lowered their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer reduced their price target on XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $134.89.

XPO Stock Performance

Shares of XPO traded up $3.27 on Tuesday, reaching $129.56. The company's stock had a trading volume of 1,273,769 shares, compared to its average volume of 1,624,541. The stock's 50 day simple moving average is $116.58 and its two-hundred day simple moving average is $121.26. The stock has a market capitalization of $15.26 billion, a P/E ratio of 39.86, a PEG ratio of 2.40 and a beta of 1.92. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. XPO's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has initiated a share repurchase program on Thursday, March 27th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

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.