Wellington Management Group LLP Sells 137,092 Shares of XPO, Inc. $XPO

Key Points

• Wellington Management cut its XPO stake by 39.2% in the second quarter, selling 137,092 shares and retaining 212,912 shares valued at approximately $43.7 million.
• Analyst sentiment remains positive, with XPO holding a consensus “Moderate Buy” rating and an average price target of $225.86, despite one recent downgrade to “Hold.”
• XPO exceeded quarterly expectations, reporting adjusted earnings of $1.70 per share versus the $1.48 consensus estimate and revenue of $2.35 billion, up 13.2% year over year.

Wellington Management Group LLP lowered its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 39.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,912 shares of the transportation company's stock after selling 137,092 shares during the period. Wellington Management Group LLP owned about 0.18% of XPO worth $43,709,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in XPO in the second quarter valued at about $32,000. Transamerica Financial Advisors LLC bought a new position in shares of XPO in the second quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in shares of XPO in the 4th quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of XPO in the 4th quarter valued at approximately $41,000. Finally, Horizon Investments LLC bought a new stake in shares of XPO during the 3rd quarter valued at approximately $39,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their target price on shares of XPO from $235.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, June 5th. Evercore upgraded shares of XPO from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st. Weiss Ratings cut XPO from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Zacks Research raised XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, XPO has a consensus rating of "Moderate Buy" and an average price target of $225.86.

Insider Activity

In related news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by company insiders.

XPO Stock Down 0.5%

NYSE:XPO opened at $184.96 on Friday. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $21.66 billion, a PE ratio of 54.56, a P/E/G ratio of 1.89 and a beta of 1.85. The firm's 50 day simple moving average is $203.02 and its 200 day simple moving average is $205.08.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. XPO's revenue for the quarter was up 13.2% on a year-over-year basis. On average, research analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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