HighTower Advisors LLC Sells 971 Shares of XPO, Inc. (NYSE:XPO)

HighTower Advisors LLC cut its stake in shares of XPO, Inc. (NYSE:XPO) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,874 shares of the transportation company’s stock after selling 971 shares during the period. HighTower Advisors LLC’s holdings in XPO were worth $735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in XPO during the 3rd quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC purchased a new stake in shares of XPO in the second quarter worth $28,000. International Assets Investment Management LLC bought a new stake in XPO during the second quarter valued at $36,000. Finally, UMB Bank n.a. grew its position in XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after buying an additional 353 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. The Goldman Sachs Group boosted their price target 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. Stephens restated an “overweight” rating and set a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. Finally, TD Cowen upped their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.31.

XPO Price Performance

XPO opened at $147.49 on Thursday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $139.51 and its 200 day simple moving average is $120.37. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 2.37 and a beta of 2.08. XPO, Inc. has a 1 year low of $80.26 and a 1 year high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, analysts predict that XPO, Inc. will post 3.62 earnings per share for the current year.

XPO 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.