Primecap Management Co. CA Sells 8,900 Shares of XPO, Inc. (NYSE:XPO)

Primecap Management Co. CA lowered its holdings in XPO, Inc. (NYSE:XPO) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 542,200 shares of the transportation company’s stock after selling 8,900 shares during the period. Primecap Management Co. CA owned approximately 0.47% of XPO worth $71,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC raised its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the period. UMB Bank n.a. raised its position in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 86 shares during the period. First Eagle Investment Management LLC raised its position in shares of XPO by 1.3% in the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock valued at $1,044,000 after purchasing an additional 100 shares during the period. Coldstream Capital Management Inc. raised its position in shares of XPO by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares during the period. Finally, Greenleaf Trust grew its stake in XPO by 5.0% during the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock valued at $311,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Insider Activity at XPO

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

XPO Price Performance

Shares of XPO stock opened at $109.09 on Wednesday. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a fifty day moving average of $130.16 and a 200-day moving average of $129.74. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XPO. UBS Group boosted their price objective on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Bank of America reduced their price objective on shares of XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Oppenheimer boosted their price objective on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research note on Friday, March 7th. They issued a “buy” rating and a $156.00 price target for the company. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $158.47.

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.