Cercano Management LLC Sells 65,132 Shares of XPO, Inc. $XPO

Cercano Management LLC reduced its position in XPO, Inc. (NYSE:XPO) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,094,841 shares of the transportation company’s stock after selling 65,132 shares during the period. XPO comprises 7.5% of Cercano Management LLC’s holdings, making the stock its 2nd largest position. Cercano Management LLC owned about 1.78% of XPO worth $264,557,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of XPO. RMG Wealth Management LLC acquired a new stake in shares of XPO in the second quarter valued at approximately $26,000. SouthState Corp bought a new stake in shares of XPO during the 1st quarter worth about $25,000. FNY Investment Advisers LLC acquired a new position in XPO in the 2nd quarter valued at about $42,000. MassMutual Private Wealth & Trust FSB grew its stake in XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after buying an additional 111 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director directly owned 5,875 shares of the company’s stock, valued at approximately $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by corporate insiders.

XPO Trading Down 1.1%

NYSE XPO opened at $133.96 on Friday. The business’s fifty day moving average is $132.30 and its 200 day moving average is $127.24. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 46.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last released its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Raymond James Financial boosted their price objective on XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Morgan Stanley reduced their price target on XPO from $84.00 to $83.00 and set an “underweight” rating for the company in a research note on Monday, October 6th. UBS Group upped their price objective on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Susquehanna reissued a “positive” rating and set a $162.00 target price on shares of XPO in a report on Friday, October 31st. Finally, Citigroup raised their price objective on XPO from $155.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

XPO Company 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.