Douglas Lane & Associates LLC Has $37.35 Million Stock Holdings in XPO, Inc. $XPO

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 cut its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 6.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 295,777 shares of the transportation company's stock after selling 20,388 shares during the period. Douglas Lane & Associates LLC owned about 0.25% of XPO worth $37,354,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XPO. SouthState Corp bought a new position in shares of XPO in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the last quarter. Parallel Advisors LLC increased its stake in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after buying an additional 209 shares during the period. Finally, Archer Investment Corp bought a new position in shares of XPO in the first quarter valued at approximately $91,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XPO has been the topic of several recent analyst reports. Stephens reiterated an "overweight" rating and issued a $131.00 price target on shares of XPO in a report on Thursday, June 5th. Wall Street Zen upgraded XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. upped their price objective on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Morgan Stanley reduced their target price on XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Finally, Susquehanna raised their price target on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, XPO has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Price Performance

NYSE:XPO traded down $0.08 during mid-day trading on Friday, hitting $131.57. 258,426 shares of the stock traded hands, compared to its average volume of 1,536,864. The company has a market cap of $15.49 billion, a PE ratio of 45.55, a price-to-earnings-growth ratio of 2.51 and a beta of 1.96. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The business's 50-day moving average price is $129.53 and its 200 day moving average price is $118.71.

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

Insider Activity at XPO

In other 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 transaction of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

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.