XPO, Inc. $XPO Shares Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC sold 20,388 shares of XPO, Inc., reducing its stake by 6.4%, and now owns 295,777 shares valued at approximately $37.35 million.
• In Q1, several institutional investors increased their holdings in XPO, with MassMutual Private Wealth & Trust FSB raising its stake by 89.0% and acquiring 113 additional shares.
• XPO reported a quarterly EPS of $1.05, surpassing the expected $0.99, and has a projected EPS of 4.15 for the current fiscal year, reflecting a steady revenue growth.

Douglas Lane & Associates LLC decreased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,777 shares of the transportation company's stock after selling 20,388 shares during the quarter. Douglas Lane & Associates LLC owned 0.25% of XPO worth $37,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of XPO during the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after acquiring an additional 113 shares during the period. Parallel Advisors LLC lifted its holdings in XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after acquiring an additional 180 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after acquiring an additional 209 shares during the period. Finally, Archer Investment Corp acquired a new position in XPO in the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction on Thursday, September 11th. The stock was 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 approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company's stock.

XPO Stock Down 3.0%

NYSE XPO opened at $130.40 on Friday. The business has a fifty day moving average price of $129.48 and a 200 day moving average price of $118.37. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The company has a market cap of $15.36 billion, a P/E ratio of 45.12, a P/E/G ratio of 2.60 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 26.48% and a net margin of 4.32%.The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company earned $1.12 EPS. The firm's revenue was up .0% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen raised XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Bank of America upped their target price on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Oppenheimer increased their target price on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, July 7th. Wells Fargo & Company increased their target price on XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus decreased their target price on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, XPO has an average rating of "Moderate Buy" and a consensus target price 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.

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.