XPO, Inc. (NYSE:XPO) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 213,243 shares of the transportation company’s stock after selling 7,701 shares during the period. California Public Employees Retirement System’s holdings in XPO were worth $18,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanseatic Management Services Inc. purchased a new position in XPO during the third quarter worth about $43,000. Fifth Third Bancorp increased its stake in shares of XPO by 37.3% during the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 199 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after acquiring an additional 183 shares during the period. CWM LLC lifted its holdings in shares of XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of XPO by 20.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XPO. JPMorgan Chase & Co. increased their price target 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 raised their price objective on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their target price on XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays raised their price target on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Benchmark boosted their price objective on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.65.

XPO Price Performance

Shares of NYSE XPO opened at $110.69 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 68.75, a price-to-earnings-growth ratio of 2.67 and a beta of 2.19. XPO, Inc. has a twelve month low of $42.86 and a twelve month high of $130.51. The business has a 50 day simple moving average of $121.72 and a 200-day simple moving average of $99.39.

XPO (NYSE:XPO) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share 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 analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that XPO, Inc. will post 3.47 earnings per share for the current year.

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.