State of Alaska Department of Revenue Sells 240 Shares of XPO, Inc. (NYSE:XPO)

State of Alaska Department of Revenue trimmed its stake in XPO, Inc. (NYSE:XPO) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,274 shares of the transportation company’s stock after selling 240 shares during the period. State of Alaska Department of Revenue’s holdings in XPO were worth $1,740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. ORG Wealth Partners LLC acquired a new position in XPO during the third quarter valued at approximately $25,000. Versant Capital Management Inc bought a new stake in shares of XPO during the 4th quarter worth $29,000. UMB Bank n.a. grew its stake in XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after buying an additional 353 shares during the last quarter. Brooklyn Investment Group bought a new position in XPO in the 3rd quarter worth $57,000. Finally, Continuum Advisory LLC lifted its position in XPO by 51.3% during the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after acquiring an additional 305 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Up 1.1 %

XPO stock opened at $148.10 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $17.24 billion, a P/E ratio of 45.85, a P/E/G ratio of 1.93 and a beta of 2.12. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The business’s 50 day moving average is $141.04 and its 200-day moving average is $128.41.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities analysts anticipate that XPO, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup lifted their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus increased their price objective on XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Oppenheimer increased their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.35.

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.