Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in XPO, Inc. (NYSE:XPO)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 47.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,153 shares of the transportation company’s stock after selling 22,327 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPO were worth $2,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mather Group LLC. acquired a new stake in XPO during the 1st quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after buying an additional 211 shares in the last quarter. Riverview Trust Co bought a new stake in shares of XPO in the first quarter worth $31,000. Finally, ORG Partners LLC acquired a new stake in XPO in the first quarter valued at $36,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Down 0.4 %

XPO opened at $114.62 on Friday. The stock’s 50 day moving average price is $112.18 and its 200 day moving average price is $114.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $13.33 billion, a P/E ratio of 56.19, a P/E/G ratio of 1.88 and a beta of 2.10. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. As a group, research analysts predict that XPO, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XPO shares. Susquehanna dropped their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. TD Cowen upped their price objective on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Evercore ISI decreased their target price on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of XPO in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.18.

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.