XPO, Inc. (NYSE:XPO) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,657 shares of the transportation company’s stock after selling 5,423 shares during the quarter. AQR Capital Management LLC’s holdings in XPO were worth $4,210,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perennial Investment Advisors LLC raised its stake in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 103 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 126 shares in the last quarter. Resources Management Corp CT ADV grew its holdings in XPO by 1.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after purchasing an additional 145 shares in the last quarter. Mystic Asset Management Inc. increased its stake in XPO by 1.7% during the 1st quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock worth $1,068,000 after buying an additional 150 shares during the period. Finally, US Bancorp DE lifted its holdings in XPO by 0.9% in the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after buying an additional 154 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

XPO opened at $106.26 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The company’s 50-day moving average price is $112.60 and its 200 day moving average price is $112.39. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 52.09, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. As a group, sell-side analysts expect that XPO, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPO has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Susquehanna lifted their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Evercore ISI reduced their target price on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday. TD Cowen dropped their price target on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Raymond James reduced their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Two analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average target price of $130.24.

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.