Allspring Global Investments Holdings LLC Sells 7,737 Shares of XPO, Inc. (NYSE:XPO)

Allspring Global Investments Holdings LLC reduced its position in shares of XPO, Inc. (NYSE:XPO) by 59.8% in the 4th quarter, HoldingsChannel reports. The firm owned 5,200 shares of the transportation company’s stock after selling 7,737 shares during the period. Allspring Global Investments Holdings LLC’s holdings in XPO were worth $455,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in XPO by 7,797.0% during the 4th quarter. International Assets Investment Management LLC now owns 34,510 shares of the transportation company’s stock valued at $3,023,000 after purchasing an additional 34,073 shares during the last quarter. Bleakley Financial Group LLC bought a new position in XPO during the 4th quarter valued at about $248,000. Pinkerton Retirement Specialists LLC lifted its holdings in XPO by 72.5% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 5,106 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 2,146 shares during the last quarter. Arlington Trust Co LLC bought a new position in XPO during the 4th quarter valued at about $350,000. Finally, Tritonpoint Wealth LLC bought a new position in shares of XPO in the fourth quarter worth about $12,784,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Up 0.6 %

Shares of NYSE:XPO opened at $118.24 on Friday. XPO, Inc. has a 52 week low of $40.69 and a 52 week high of $130.51. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $13.75 billion, a PE ratio of 73.44, a PEG ratio of 2.90 and a beta of 2.19. The company has a 50 day moving average price of $122.11 and a two-hundred day moving average price of $98.65.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts forecast that XPO, Inc. will post 3.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on XPO shares. Stifel Nicolaus boosted their target price on shares of XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Raymond James boosted their target price on shares of XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Citigroup boosted their target price on shares of XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets boosted their target price on shares of XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average target price of $111.65.

About XPO

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.