US Bancorp DE Trims Stake in XPO, Inc. $XPO

Key Points

• US Bancorp DE has reduced its stake in XPO, Inc. by 13%, now holding approximately 20,092 shares valued at $2,537,000.
• XPO's current stock price is $129.19, with a market capitalization of $15.21 billion and a price-to-earnings ratio of 44.70.
• Several analysts recently adjusted their price targets for XPO, with Bank of America raising it to $150.00 and an average target of $143.00 among equity research ratings.

US Bancorp DE cut its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,092 shares of the transportation company's stock after selling 2,997 shares during the quarter. US Bancorp DE's holdings in XPO were worth $2,537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RMG Wealth Management LLC purchased a new stake in shares of XPO in the 2nd quarter worth approximately $26,000. SouthState Corp purchased a new stake in shares of XPO during the first quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock valued at $44,000 after acquiring an additional 111 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in XPO by 63.2% in the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock worth $54,000 after purchasing an additional 165 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Price Performance

XPO stock opened at $129.19 on Wednesday. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 2.57 and a beta of 1.95. 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 firm has a 50-day moving average of $129.82 and a two-hundred day moving average of $121.35.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The firm had revenue of ($2,243.00) million during the quarter. On average, research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XPO. JPMorgan Chase & Co. dropped their price target on shares of XPO from $156.00 to $144.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Bank of America boosted their price target on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Susquehanna raised their target price on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial lifted their price target on XPO from $132.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, XPO has an average rating of "Moderate Buy" and an average price target of $143.00.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 3,250 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares of the company's stock, valued at approximately $793,360. This represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.