Kennedy Capital Management LLC Sells 27,018 Shares of XPO, Inc. (NYSE:XPO)

Kennedy Capital Management LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 23.4% during the first quarter, HoldingsChannel reports. The firm owned 88,681 shares of the transportation company’s stock after selling 27,018 shares during the quarter. Kennedy Capital Management LLC’s holdings in XPO were worth $10,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. Kodai Capital Management LP bought a new stake in XPO during the 1st quarter worth approximately $9,887,000. Bayesian Capital Management LP bought a new stake in shares of XPO during the first quarter worth $1,323,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of XPO during the first quarter worth $252,000. Paloma Partners Management Co bought a new stake in XPO in the 1st quarter valued at $353,000. Finally, Hood River Capital Management LLC boosted its stake in XPO by 6.9% in the 1st quarter. Hood River Capital Management LLC now owns 768,011 shares of the transportation company’s stock worth $93,720,000 after purchasing an additional 49,576 shares during the period. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

XPO traded up $1.97 during trading on Tuesday, hitting $112.43. The stock had a trading volume of 1,241,947 shares, compared to its average volume of 1,472,299. The company has a 50 day moving average price of $107.22 and a 200-day moving average price of $110.96. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 54.15, a P/E/G ratio of 1.74 and a beta of 2.10. XPO, Inc. has a one year low of $64.70 and a one year high of $130.51. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94.

XPO (NYSE:XPO) last released its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. As a group, research analysts predict that XPO, Inc. will post 3.54 EPS for the current year.

Insider Activity

In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the sale, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of several recent research reports. TD Cowen lifted their price target on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and upped their price target for the stock from $115.00 to $120.00 in a research report on Friday, May 24th. Bank of America cut their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of XPO in a research report on Friday, June 7th. Finally, Evercore ISI cut their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.45.

XPO 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.