Vaughan Nelson Investment Management L.P. Decreases Stake in XPO, Inc. $XPO

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in XPO, Inc. by 31% in Q2, selling nearly 92,000 shares, leaving it with a total of 204,254 shares valued at approximately $25.8 million.
• Despite the stake reduction from Vaughan Nelson, several institutional investors have increased their holdings in XPO, with MassMutual Private Wealth & Trust raising its stake by 46.3%.
• XPO's stock recently opened at $128.52 and reported quarterly earnings of $1.05 EPS, surpassing analyst estimates and indicating a revenue growth of 4.32% compared to the previous year.

Vaughan Nelson Investment Management L.P. decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,254 shares of the transportation company's stock after selling 91,971 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.17% of XPO worth $25,795,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp purchased a new stake in shares of XPO during the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $44,000 after purchasing an additional 111 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of XPO by 63.2% during the 2nd 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. increased its stake in shares of XPO by 65.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Up 1.3%

XPO stock opened at $128.52 on Friday. The firm has a 50 day simple moving average of $128.89 and a 200 day simple moving average of $120.26. 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, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 44.47, a P/E/G ratio of 2.56 and a beta of 1.95.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm earned $1.12 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 3,250 shares of the firm's stock in a transaction 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 transaction, the director directly owned 5,875 shares of the company's stock, valued at $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on XPO. Truist Financial raised their price target on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. raised their price target on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Stifel Nicolaus reduced their price objective on shares of XPO from $145.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of XPO in a research note on Saturday, September 27th. Finally, Morgan Stanley reduced their price objective on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.85.

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.

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