Rice Hall James & Associates LLC Has $29.79 Million Stake in XPO, Inc. $XPO

Rice Hall James & Associates LLC decreased its holdings in XPO, Inc. (NYSE:XPO) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,176 shares of the transportation company’s stock after selling 4,418 shares during the quarter. XPO accounts for about 1.6% of Rice Hall James & Associates LLC’s portfolio, making the stock its 14th largest holding. Rice Hall James & Associates LLC owned approximately 0.19% of XPO worth $29,788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors raised its position in shares of XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after buying an additional 735,450 shares in the last quarter. Invesco Ltd. raised its position in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP raised its position in shares of XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after buying an additional 736,224 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of XPO by 16.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after buying an additional 452,891 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of XPO by 9.7% in the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after buying an additional 261,935 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s 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 sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by insiders.

XPO Trading Down 3.7%

XPO opened at $219.90 on Tuesday. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of 75.31, a PEG ratio of 2.65 and a beta of 1.83. The company’s 50 day moving average price is $213.57 and its two-hundred day moving average price is $184.43.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that XPO, Inc. will post 4.85 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on XPO. Citigroup boosted their target price on shares of XPO from $221.00 to $236.00 and gave the company a “neutral” rating in a research report on Monday. Evercore set a $222.00 target price on shares of XPO in a research report on Friday, May 1st. Susquehanna boosted their target price on shares of XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Truist Financial set a $240.00 price target on shares of XPO in a report on Friday, May 1st. Finally, TD Cowen lifted their price target on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $218.10.

XPO Profile

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.