XPO, Inc. $XPO Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors cut its XPO stake by 87.1% in the first quarter, selling 121,832 shares and retaining 18,018 shares valued at approximately $3.5 million. Despite this reduction, institutional investors and hedge funds collectively own 97.73% of XPO.
• XPO reported quarterly earnings of $1.70 per share, beating estimates of $1.48, while revenue reached $2.35 billion, up 13.2% year over year and above analyst expectations.
• XPO shares opened at $196.37, down 1.9%, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $225.86.

Pacer Advisors Inc. decreased its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 87.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,018 shares of the transportation company's stock after selling 121,832 shares during the quarter. Pacer Advisors Inc.'s holdings in XPO were worth $3,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Durable Capital Partners LP increased its stake in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the last quarter. Norges Bank acquired a new position in shares of XPO during the 4th quarter valued at about $204,304,000. Bessemer Group Inc. boosted its position in shares of XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company's stock valued at $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. Invesco Ltd. grew its holdings in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the period. Finally, Orbis Allan Gray Ltd grew its holdings in shares of XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company's stock valued at $496,423,000 after purchasing an additional 499,220 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Down 1.9%

NYSE XPO opened at $196.37 on Friday. The firm's 50-day moving average is $209.33 and its two-hundred day moving average is $201.06. XPO, Inc. has a 12 month low of $117.98 and a 12 month 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 stock has a market capitalization of $22.99 billion, a P/E ratio of 57.93, a PEG ratio of 2.10 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. On average, sell-side analysts anticipate that XPO, Inc. will post 5.38 earnings per share for the current year.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company's stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna lifted their target price on shares of XPO from $212.00 to $214.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Bank of America increased their price target on shares of XPO from $244.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on shares of XPO from $208.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, June 8th. Oppenheimer lifted their price target on shares of XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, TD Cowen increased their price objective on XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $225.86.

About XPO

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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