New York State Teachers Retirement System Reduces Position in XPO, Inc. $XPO

New York State Teachers Retirement System trimmed its holdings in XPO, Inc. (NYSE:XPO) by 4.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,222 shares of the transportation company’s stock after selling 4,935 shares during the period. New York State Teachers Retirement System’s holdings in XPO were worth $19,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in shares of XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the period. Invesco Ltd. raised its holdings in 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 during the period. Durable Capital Partners LP lifted its position in XPO by 20.5% in the third 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 during the last quarter. Orbis Allan Gray Ltd lifted its position in XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after buying an additional 499,220 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after buying an additional 261,935 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

XPO Stock Down 0.1%

XPO stock opened at $206.19 on Friday. The firm has a market capitalization of $24.21 billion, a P/E ratio of 70.61, a P/E/G ratio of 2.39 and a beta of 1.85. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a twelve month low of $116.68 and a twelve month high of $232.05. The stock’s fifty day simple moving average is $210.48 and its 200-day simple moving average is $190.04.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business posted $0.73 earnings per share. XPO’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that XPO, Inc. will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

XPO has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $233.00 price target on shares of XPO in a research report on Friday, May 1st. Oppenheimer increased their price objective on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. BMO Capital Markets lifted their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Benchmark boosted their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Barclays upped their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.10.

About XPO

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.