Private Advisor Group LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO – Free Report) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,747 shares of the transportation company’s stock after selling 169 shares during the period. Private Advisor Group LLC’s holdings in XPO were worth $403,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of XPO. Allspring Global Investments Holdings LLC boosted its holdings in XPO by 10.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,754 shares of the transportation company’s stock valued at $702,000 after acquiring an additional 554 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of XPO by 548.0% in the first quarter. BNP Paribas Financial Markets now owns 66,450 shares of the transportation company’s stock valued at $8,109,000 after buying an additional 56,196 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of XPO in the first quarter valued at about $74,000. Finally, GSA Capital Partners LLP bought a new stake in shares of XPO in the first quarter valued at about $659,000. 97.73% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on XPO. The Goldman Sachs Group reduced their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus increased their target price on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Bank of America cut their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Evercore ISI cut their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, Stephens restated an “overweight” rating and set a $150.00 price target on shares of XPO in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $138.38.
XPO Price Performance
XPO opened at $138.21 on Wednesday. The company has a fifty day moving average price of $113.30 and a two-hundred day moving average price of $111.48. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 52 week low of $78.48 and a 52 week high of $138.80. The firm has a market capitalization of $16.09 billion, a PE ratio of 44.73, a P/E/G ratio of 2.04 and a beta of 2.07.
XPO (NYSE:XPO – Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that XPO, Inc. will post 3.61 earnings per share for the current 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.
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