XPO, Inc. $XPO Stock Sold by Redmond Asset Management LLC

Key Points

• Redmond Asset Management cut its XPO stake by 25.4% in the third quarter, selling 8,507 shares and retaining 24,956 shares valued at approximately $4.4 million. Institutional investors collectively own 97.73% of XPO.
• XPO insiders sold 11,730 shares worth about $2.21 million over the past 90 days, including transactions by the COO and CFO under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $222.64, despite XPO shares trading down 3.6% and opening at $181.09.

Redmond Asset Management LLC reduced its stake in XPO, Inc. (NYSE:XPO - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,956 shares of the transportation company's stock after selling 8,507 shares during the period. XPO makes up approximately 1.3% of Redmond Asset Management LLC's holdings, making the stock its 16th largest holding. Redmond Asset Management LLC's holdings in XPO were worth $4,392,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Motley Fool Asset Management LLC grew its position in XPO by 10.7% in the third quarter. Motley Fool Asset Management LLC now owns 2,199 shares of the transportation company's stock valued at $387,000 after acquiring an additional 212 shares during the period. North Dakota State Investment Board raised its stake in XPO by 2.4% during the third quarter. North Dakota State Investment Board now owns 3,490 shares of the transportation company's stock worth $614,000 after acquiring an additional 81 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in XPO during the third quarter worth $399,000. Asset Management One Co. Ltd. lifted its holdings in shares of XPO by 28.4% during the third quarter. Asset Management One Co. Ltd. now owns 55,417 shares of the transportation company's stock valued at $9,752,000 after acquiring an additional 12,270 shares during the period. Finally, Lynch Investment Planning LLC bought a new position in shares of XPO during the third quarter valued at $33,000. 97.73% of the stock is currently owned by institutional investors.

Insider Activity at XPO

In other XPO news, COO David J. Bates sold 2,615 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $179.41, for a total transaction of $469,157.15. Following the sale, the chief operating officer owned 64,735 shares of the company's stock, valued at $11,614,106.35. This represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $175.47, for a total transaction of $131,602.50. Following the completion of the sale, the chief financial officer owned 47,966 shares of the company's stock, valued at $8,416,594.02. The trade was a 1.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,730 shares of company stock valued at $2,208,974 over the last ninety days. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

XPO has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $247.00 target price on shares of XPO in a report on Thursday, July 30th. UBS Group increased their target price on shares of XPO from $236.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Zacks Research downgraded shares of XPO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. Stifel Nicolaus reduced their price target on shares of XPO from $257.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. Finally, Oppenheimer boosted 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. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $222.64.

XPO Trading Down 3.6%

Shares of XPO opened at $181.09 on Thursday. The stock has a fifty day moving average price of $184.26 and a two-hundred day moving average price of $195.77. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 53.42, a PEG ratio of 1.83 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Analysts predict that XPO, Inc. will post 5.47 EPS for the current fiscal year.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.

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