New York Life Investment Management LLC Reduces Stake in XPO, Inc. (NYSE:XPO)

New York Life Investment Management LLC lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,961 shares of the transportation company’s stock after selling 140 shares during the period. New York Life Investment Management LLC’s holdings in XPO were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in XPO during the fourth quarter worth about $46,000. Hanseatic Management Services Inc. purchased a new stake in shares of XPO during the 3rd quarter valued at approximately $43,000. Quent Capital LLC lifted its holdings in XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 183 shares during the last quarter. Fifth Third Bancorp grew its position in XPO by 37.3% in the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock worth $55,000 after acquiring an additional 199 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in XPO during the fourth quarter worth $69,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Down 0.3 %

XPO stock opened at $110.36 on Wednesday. The company’s 50 day moving average price is $120.44 and its 200 day moving average price is $100.89. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 54.10, a PEG ratio of 2.69 and a beta of 2.17. XPO, Inc. has a fifty-two week low of $45.24 and a fifty-two week high of $130.51. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.00 and a current ratio of 0.94.

XPO (NYSE:XPO) last posted its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that XPO, Inc. will post 3.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XPO shares. Barclays upped their price target on XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Monday. Susquehanna upped their price objective on shares of XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Oppenheimer increased their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Bank of America boosted their target price on XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.95.

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.