XPO, Inc. $XPO Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its stake in XPO, Inc. (NYSE:XPO) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,867 shares of the transportation company’s stock after selling 17,283 shares during the quarter. XPO comprises about 3.4% of Fishman Jay A Ltd. MI’s holdings, making the stock its 9th largest holding. Fishman Jay A Ltd. MI’s holdings in XPO were worth $41,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service acquired a new position in shares of XPO during the second quarter worth $37,695,000. Renaissance Technologies LLC boosted its stake in shares of XPO by 73.3% in the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock valued at $34,770,000 after purchasing an additional 75,600 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of XPO in the second quarter valued at $4,927,000. MFN Partners Management LP acquired a new stake in XPO during the 2nd quarter valued at $2,026,148,865. Finally, Concurrent Investment Advisors LLC grew its holdings in XPO by 325.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,420 shares of the transportation company’s stock valued at $3,166,000 after purchasing an additional 11,793 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 3.1%

Shares of NYSE XPO opened at $187.89 on Wednesday. The stock’s 50 day moving average price is $184.70 and its two-hundred day moving average price is $195.59. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The stock has a market capitalization of $22.00 billion, a P/E ratio of 55.42 and a beta of 1.85.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, analysts anticipate that XPO, Inc. will post 5.47 EPS for the current year.

Insiders Place Their Bets

In other XPO news, CFO Kyle Wismans sold 750 shares of XPO stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $175.47, for a total value of $131,602.50. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David Bates sold 2,615 shares of the business’s stock in a transaction on 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 approximately $11,614,106.35. The trade was a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,730 shares of company stock valued at $2,208,974 over the last 90 days. 0.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XPO. Bank of America boosted their price objective on shares of XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Truist Financial decreased their price objective on shares of XPO from $240.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. TD Cowen raised their target price on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. Finally, Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $222.64.

About XPO

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.