First Hawaiian Bank Sells 8,624 Shares of XPO, Inc. $XPO

Key Points

• First Hawaiian Bank significantly reduced its holdings in XPO, Inc. by 59.6%, owning 5,836 shares worth approximately $628,000 after selling 8,624 shares in Q1.
• XPO, Inc. has received multiple positive ratings and target price upgrades from analysts, indicating a consensus rating of "Moderate Buy" with an average target price of $138.00.
• In its latest earnings report, XPO exceeded expectations with earnings of $1.05 per share and revenue of $2.08 billion, showing year-over-year growth.

First Hawaiian Bank lessened its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 59.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,836 shares of the transportation company's stock after selling 8,624 shares during the quarter. First Hawaiian Bank's holdings in XPO were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in XPO. Cetera Investment Advisers increased its stake in shares of XPO by 14.2% during the fourth quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company's stock valued at $1,349,000 after acquiring an additional 1,280 shares during the period. Focus Partners Wealth increased its stake in shares of XPO by 17.5% during the fourth quarter. Focus Partners Wealth now owns 2,461 shares of the transportation company's stock valued at $323,000 after acquiring an additional 366 shares during the period. Man Group plc acquired a new position in shares of XPO during the fourth quarter valued at approximately $3,204,000. Quantinno Capital Management LP increased its stake in shares of XPO by 28.0% during the fourth quarter. Quantinno Capital Management LP now owns 6,373 shares of the transportation company's stock valued at $836,000 after acquiring an additional 1,394 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of XPO by 11.7% during the fourth quarter. Royal Bank of Canada now owns 261,145 shares of the transportation company's stock valued at $34,250,000 after acquiring an additional 27,342 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Activity

In other news, Director Allison Landry sold 3,250 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company's stock.

XPO Stock Down 0.5%

Shares of XPO stock traded down $0.72 on Friday, hitting $130.92. The company's stock had a trading volume of 1,176,024 shares, compared to its average volume of 1,099,615. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 45.30, a P/E/G ratio of 2.54 and a beta of 1.96. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm's fifty day moving average price is $129.49 and its 200-day moving average price is $118.81.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm posted $1.12 EPS. The business's quarterly revenue was up .0% on a year-over-year basis. Research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group restated a "buy" rating and issued a $140.00 price target (up previously from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Stifel Nicolaus lowered their price objective on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Susquehanna lifted their price objective on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, TD Cowen lowered their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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.