LPL Financial LLC Cuts Stock Position in XPO, Inc. (NYSE:XPO)

LPL Financial LLC lessened its stake in XPO, Inc. (NYSE:XPO) by 14.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 31,218 shares of the transportation company’s stock after selling 5,374 shares during the quarter. LPL Financial LLC’s holdings in XPO were worth $1,842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in XPO by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 29,181 shares of the transportation company’s stock worth $1,722,000 after acquiring an additional 1,628 shares in the last quarter. Lagoda Investment Management L.P. boosted its stake in XPO by 1.4% during the 1st quarter. Lagoda Investment Management L.P. now owns 190,210 shares of the transportation company’s stock worth $6,068,000 after purchasing an additional 2,610 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in XPO during the 2nd quarter worth $101,000. American Century Companies Inc. boosted its stake in XPO by 665.5% during the 1st quarter. American Century Companies Inc. now owns 264,895 shares of the transportation company’s stock worth $8,436,000 after purchasing an additional 230,291 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in XPO by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,964,700 shares of the transportation company’s stock worth $62,674,000 after purchasing an additional 23,148 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $83.11 on Monday. XPO, Inc. has a 52 week low of $29.02 and a 52 week high of $83.35. The firm has a market capitalization of $9.64 billion, a P/E ratio of 268.10, a P/E/G ratio of 2.47 and a beta of 2.13. The firm’s 50 day moving average is $74.03 and its two-hundred day moving average is $63.84. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last announced its quarterly earnings results on Monday, October 30th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. XPO had a return on equity of 33.40% and a net margin of 0.48%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts forecast that XPO, Inc. will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director J Wes Frye acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $79.71 per share, for a total transaction of $119,565.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $239,130. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent research reports. Benchmark lifted their target price on shares of XPO from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Morgan Stanley boosted their price target on shares of XPO from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. TheStreet raised shares of XPO from a “c” rating to a “b-” rating in a research report on Friday, August 11th. Stephens boosted their price target on shares of XPO from $80.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Finally, Oppenheimer boosted their price target on shares of XPO from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.57.

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.