Sumitomo Mitsui Trust Group Inc. Sells 3,465 Shares of XPO, Inc. $XPO

Sumitomo Mitsui Trust Group Inc. decreased its position in XPO, Inc. (NYSE:XPO) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 214,693 shares of the transportation company’s stock after selling 3,465 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of XPO worth $37,782,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Compass Wealth Management LLC acquired a new position in shares of XPO during the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of XPO in the second quarter valued at approximately $32,000. Transamerica Financial Advisors LLC bought a new position in shares of XPO in the second quarter valued at approximately $32,000. Lynch Investment Planning LLC acquired a new stake in shares of XPO in the third quarter worth $33,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of XPO in the third quarter worth $37,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of XPO from $257.00 to $232.00 and set a “buy” rating for the company in a report on Friday, October 30th. Truist Financial decreased their target price on XPO from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Bank of America lifted their price target on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $275.00 price objective on shares of XPO in a research report on Friday, October 30th. Finally, Oppenheimer raised their price objective on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.45.

XPO Stock Down 1.6%

NYSE XPO opened at $188.07 on Thursday. XPO, Inc. has a twelve month low of $124.82 and a twelve month high of $232.05. The stock has a market cap of $21.91 billion, a PE ratio of 36.13, a PEG ratio of 1.74 and a beta of 1.87. The firm has a 50-day simple moving average of $183.58 and a 200 day simple moving average of $196.77. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.12. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 earnings per share. On average, research analysts forecast that XPO, Inc. will post 5.77 EPS for the current year.

Insider Transactions at XPO

In related news, CAO Christopher Brown sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David J. Bates sold 2,615 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $194.08, for a total value of $507,519.20. Following the completion of the transaction, the chief operating officer directly owned 59,505 shares of the company’s stock, valued at approximately $11,548,730.40. This trade represents a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 15,095 shares of company stock valued at $2,860,208. 0.87% of the stock is owned by corporate insiders.

XPO Profile

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.