Profund Advisors LLC Sells 755 Shares of XPO, Inc. (NYSE:XPO)

Profund Advisors LLC cut its stake in shares of XPO, Inc. (NYSE:XPO) by 19.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,185 shares of the transportation company’s stock after selling 755 shares during the period. Profund Advisors LLC’s holdings in XPO were worth $338,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of XPO in the first quarter valued at about $27,000. Blue Trust Inc. grew its position in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC purchased a new stake in XPO in the 2nd quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of XPO during the 1st quarter worth approximately $31,000. Finally, ORG Partners LLC purchased a new position in shares of XPO in the 1st quarter worth approximately $36,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on XPO shares. Wells Fargo & Company decreased their price target on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. TD Cowen decreased their target price on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. Susquehanna increased their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Finally, Raymond James lowered their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.18.

XPO Trading Down 2.3 %

Shares of XPO stock opened at $111.24 on Friday. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of 54.53, a PEG ratio of 1.82 and a beta of 2.11. The company’s fifty day simple moving average is $113.14 and its two-hundred day simple moving average is $113.11. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

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

About XPO

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.