Russell Investments Group Ltd. Sells 14,807 Shares of XPO, Inc. $XPO

Key Points

• Russell Investments Group Ltd. reduced its stake in XPO, Inc. by 14.9%, selling 14,807 shares during the 1st quarter, and now holds approximately 0.07% of the company's stock valued at $9,070,000.
• In the 4th quarter, several institutional investors, including T. Rowe Price with a new position worth $231.67 million, increased their stakes in XPO, which is now 97.73% owned by such investors.
• XPO reported a quarterly EPS of $1.05, beating expectations of $0.99, and had a current market cap of $15.09 billion with a Moderate Buy rating from analysts.

Russell Investments Group Ltd. decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,308 shares of the transportation company's stock after selling 14,807 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of XPO worth $9,070,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in XPO by 13.9% in the 1st quarter. HighTower Advisors LLC now owns 8,230 shares of the transportation company's stock worth $885,000 after purchasing an additional 1,006 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in XPO by 13.7% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,949 shares of the transportation company's stock worth $210,000 after purchasing an additional 235 shares in the last quarter. Independent Advisor Alliance boosted its stake in XPO by 2.2% in the 1st quarter. Independent Advisor Alliance now owns 19,279 shares of the transportation company's stock worth $2,074,000 after purchasing an additional 410 shares in the last quarter. SouthState Corp bought a new position in XPO in the 1st quarter worth about $25,000. Finally, Nuveen LLC purchased a new position in XPO in the 1st quarter worth about $33,965,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Performance

XPO stock traded up $1.21 during midday trading on Thursday, hitting $127.88. The stock had a trading volume of 850,206 shares, compared to its average volume of 1,309,816. The firm's fifty day moving average is $127.51 and its two-hundred day moving average is $119.22. The company has a market capitalization of $15.06 billion, a PE ratio of 44.25, a P/E/G ratio of 2.45 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 current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The company 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 firm's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. On average, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XPO. Oppenheimer boosted their target price on XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Wells Fargo & Company boosted their target price on XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. TD Cowen decreased their target price on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. UBS Group boosted their target price on XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their target price on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.00.

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.