Westwood Holdings Group Inc. Sells 26,794 Shares of XPO, Inc. (NYSE:XPO)

Westwood Holdings Group Inc. cut its position in XPO, Inc. (NYSE:XPO) by 15.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 148,004 shares of the transportation company’s stock after selling 26,794 shares during the period. Westwood Holdings Group Inc.’s holdings in XPO were worth $18,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of XPO in the fourth quarter worth about $79,592,000. CenterBook Partners LP bought a new position in shares of XPO during the fourth quarter valued at $779,000. Dimensional Fund Advisors LP raised its holdings in XPO by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock worth $128,603,000 after buying an additional 67,797 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in XPO by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after acquiring an additional 1,712 shares in the last quarter. Finally, Empirical Capital Management LLC bought a new stake in shares of XPO in the fourth quarter worth approximately $4,380,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XPO shares. Evercore ISI cut their price objective on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Susquehanna cut their price objective on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company started coverage on XPO in a research report on Friday, June 7th. They issued an “overweight” rating and a $125.00 price target for the company. Finally, Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.68.

XPO Trading Down 4.2 %

Shares of XPO stock traded down $4.86 during trading hours on Friday, reaching $110.93. The stock had a trading volume of 3,225,637 shares, compared to its average volume of 1,761,305. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 54.38, a P/E/G ratio of 1.83 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 2.22. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The firm has a 50 day simple moving average of $107.77 and a two-hundred day simple moving average of $111.37.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $0.71 earnings per share. XPO’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities research analysts anticipate that XPO, Inc. will post 3.54 earnings per share for the current year.

XPO Company 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.