Greenleaf Trust Has $877,000 Holdings in XPO, Inc. $XPO

Greenleaf Trust cut its stake in shares of XPO, Inc. (NYSE:XPO) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,947 shares of the transportation company’s stock after selling 464 shares during the period. Greenleaf Trust’s holdings in XPO were worth $877,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. HB Wealth Management LLC lifted its position in XPO by 24.9% during the second quarter. HB Wealth Management LLC now owns 2,356 shares of the transportation company’s stock worth $298,000 after acquiring an additional 469 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in XPO by 8.1% during the second quarter. Janney Montgomery Scott LLC now owns 37,900 shares of the transportation company’s stock worth $4,786,000 after acquiring an additional 2,834 shares during the last quarter. Financial Partners Group LLC acquired a new stake in XPO during the second quarter worth approximately $206,000. Avior Wealth Management LLC acquired a new stake in XPO during the second quarter worth approximately $941,000. Finally, Dakota Wealth Management lifted its position in XPO by 8.4% during the second quarter. Dakota Wealth Management now owns 11,961 shares of the transportation company’s stock worth $1,511,000 after acquiring an additional 930 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XPO. Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley dropped their price target on shares of XPO from $85.00 to $84.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Stifel Nicolaus dropped their price target on shares of XPO from $145.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Susquehanna lifted their price target on shares of XPO from $138.00 to $145.00 and gave the company a “positive” rating in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $140.00 price target (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.25.

Insider Buying and Selling at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director owned 5,875 shares of the company’s stock, valued at approximately $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

XPO Stock Performance

Shares of NYSE:XPO opened at $126.84 on Friday. The company’s 50 day simple moving average is $129.08 and its 200 day simple moving average is $120.06. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 2.53 and a beta of 1.95. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal 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.