Natixis Advisors LLC Decreases Holdings in XPO, Inc. (NYSE:XPO)

Key Points

• Natixis Advisors LLC reduced its stake in XPO, Inc. by 33.6%, selling over 20,600 shares, leaving it with approximately 40,800 shares valued at $4.39 million.
• Several institutional investors increased their holdings in XPO, with Capital Research Global Investors raising its stake by 18.5%, and nearly 98% of XPO's stock is now owned by institutional investors and hedge funds.
• XPO reported a better-than-expected EPS of $1.05 for the latest quarter, surpassing estimates of $0.99, and analysts predict an earnings per share of 4.15 for the current year.

Natixis Advisors LLC cut its stake in XPO, Inc. (NYSE:XPO - Free Report) by 33.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,798 shares of the transportation company's stock after selling 20,616 shares during the period. Natixis Advisors LLC's holdings in XPO were worth $4,389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Argent Trust Co boosted its holdings in XPO by 1.9% in the fourth quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after purchasing an additional 75 shares during the period. Scientech Research LLC raised its stake in XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after buying an additional 84 shares in the last quarter. SageView Advisory Group LLC raised its stake in XPO by 2.1% in the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after buying an additional 96 shares in the last quarter. Utah Retirement Systems raised its stake in XPO by 1.6% in the fourth quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock valued at $812,000 after buying an additional 100 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in XPO by 4.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,340 shares of the transportation company's stock valued at $307,000 after buying an additional 101 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group restated a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Truist Financial raised their price target on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Stephens restated an "overweight" rating and issued a $131.00 price target on shares of XPO in a research note on Thursday, June 5th. Wells Fargo & Company raised their price target on XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America lifted their target price on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.00.

XPO Stock Performance

XPO traded down $0.22 during trading on Friday, reaching $120.16. The company's stock had a trading volume of 921,348 shares, compared to its average volume of 1,206,194. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The company's fifty day moving average price is $125.87 and its 200-day moving average price is $119.79. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.97. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01.

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

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.