American International Group Inc. Sells 6,732 Shares of XPO, Inc. (NYSE:XPO)

American International Group Inc. lessened its holdings in shares of XPO, Inc. (NYSE:XPOFree Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,637 shares of the transportation company’s stock after selling 6,732 shares during the quarter. American International Group Inc. owned approximately 0.13% of XPO worth $13,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC raised its holdings in shares of XPO by 25.2% during the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 160 shares in the last quarter. Quent Capital LLC raised its holdings in XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after purchasing an additional 183 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in XPO by 2.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock worth $625,000 after purchasing an additional 183 shares in the last quarter. Yousif Capital Management LLC raised its holdings in XPO by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 54,295 shares of the transportation company’s stock worth $4,756,000 after purchasing an additional 193 shares in the last quarter. Finally, Mystic Asset Management Inc. raised its holdings in XPO by 2.4% in the third quarter. Mystic Asset Management Inc. now owns 8,450 shares of the transportation company’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XPO. Bank of America increased their price objective on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Susquehanna cut their target price on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research note on Wednesday. TD Cowen increased their target price on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Oppenheimer increased their target price on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and increased their target price for the stock from $115.00 to $120.00 in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.20.

Get Our Latest Report on XPO

Insider Transactions at XPO

In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Allison Landry sold 1,875 shares of XPO stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

XPO Stock Performance

NYSE:XPO traded up $0.01 on Friday, hitting $102.99. The stock had a trading volume of 2,620,422 shares, compared to its average volume of 1,344,046. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 1.45 and a beta of 2.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The business’s 50-day simple moving average is $112.21 and its two-hundred day simple moving average is $106.03. XPO, Inc. has a 52-week low of $50.66 and a 52-week high of $130.51.

XPO (NYSE:XPOGet Free Report) last announced its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. As a group, research analysts predict that XPO, Inc. will post 3.63 earnings per share for the current year.

XPO Profile

(Free Report)

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.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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