Ameritas Investment Partners Inc. Trims Stock Holdings in XPO, Inc. (NYSE:XPO)

Ameritas Investment Partners Inc. lowered its position in shares of XPO, Inc. (NYSE:XPO) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,743 shares of the transportation company’s stock after selling 864 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in XPO were worth $2,626,000 at the end of the most recent quarter.

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

XPO Stock Performance

Shares of XPO opened at $112.50 on Friday. The firm has a market capitalization of $13.09 billion, a P/E ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.11. 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, Inc. has a one year low of $65.80 and a one year high of $130.51. The business has a fifty day moving average of $113.22 and a 200 day moving average of $113.35.

XPO (NYSE:XPO) last released its quarterly earnings results 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 business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $0.71 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO, Inc. will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Susquehanna raised their price objective on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Evercore ISI dropped their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $130.18.

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.