XPO, Inc. $XPO Stock Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 61.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,242 shares of the transportation company's stock after selling 11,325 shares during the quarter. Calamos Advisors LLC's holdings in XPO were worth $1,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of XPO during the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP purchased a new position in shares of XPO during the second quarter valued at approximately $2,026,148,865. Bessemer Group Inc. boosted its position in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company's stock worth $470,986,000 after purchasing an additional 1,299,480 shares in the last quarter. Findlay Park Partners LLP bought a new stake in shares of XPO in the 2nd quarter worth approximately $236,104,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of XPO in the 2nd quarter worth approximately $151,798,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XPO shares. Citizens Jmp assumed coverage on XPO in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. BMO Capital Markets restated an "outperform" rating on shares of XPO in a report on Wednesday, October 7th. Truist Financial cut their price target on XPO from $240.00 to $220.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Susquehanna cut their price objective on shares of XPO from $225.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday, October 2nd. Finally, Bank of America upped their price target on shares of XPO from $228.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.45.

XPO Trading Up 6.2%

Shares of XPO stock opened at $187.84 on Tuesday. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 1.72 and a beta of 1.87. The business has a 50-day moving average price of $182.93 and a 200-day moving average price of $197.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52. XPO, Inc. has a twelve month low of $124.82 and a twelve month high of $232.05.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The company's revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that XPO, Inc. will post 5.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kyle Wismans sold 750 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $191.62, for a total value of $143,715.00. Following the completion of the sale, the chief financial officer owned 47,216 shares in the company, valued at approximately $9,047,529.92. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $194.08, for a total value of $507,519.20. Following the transaction, the chief operating officer owned 59,505 shares of the company's stock, valued at $11,548,730.40. This trade represents a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,095 shares of company stock worth $1,851,171. Company insiders own 0.87% of the company's stock.

XPO Company Profile

XPO Inc is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer.

The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.

XPO traces its modern corporate history to 2011, when it began acquiring transportation and logistics businesses under the name XPO Logistics.

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