Franklin Resources Inc. Reduces Stock Position in XPO, Inc. (NYSE:XPO)

Franklin Resources Inc. reduced its holdings in shares of XPO, Inc. (NYSE:XPO) by 92.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,244 shares of the transportation company’s stock after selling 53,166 shares during the quarter. Franklin Resources Inc.’s holdings in XPO were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XPO. Perennial Investment Advisors LLC boosted its stake in XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 103 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of XPO by 5.0% in the 3rd 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 in the last quarter. CIBC Asset Management Inc lifted its position in shares of XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after purchasing an additional 116 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

NYSE XPO opened at $132.59 on Tuesday. XPO, Inc. has a 12 month low of $80.26 and a 12 month high of $161.00. The firm has a market capitalization of $15.43 billion, a PE ratio of 42.91, a P/E/G ratio of 2.37 and a beta of 2.08. The company’s 50 day simple moving average is $142.90 and its 200 day simple moving average is $122.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings data 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 return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on XPO. Susquehanna lifted their target price on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Wells Fargo & Company increased their target price on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price target on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup lifted their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $147.31.

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.