Raymond James & Associates reduced its stake in XPO, Inc. (NYSE:XPO – Free Report) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,823 shares of the transportation company’s stock after selling 11,344 shares during the quarter. Raymond James & Associates owned about 0.11% of XPO worth $14,387,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in XPO. D1 Capital Partners L.P. bought a new stake in XPO during the 2nd quarter valued at about $271,532,000. Capital Research Global Investors lifted its holdings in shares of XPO by 9.8% during the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after purchasing an additional 912,544 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of XPO by 33.4% during the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after purchasing an additional 560,079 shares in the last quarter. Interval Partners LP boosted its position in shares of XPO by 48,850.0% during the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock valued at $23,796,000 after buying an additional 195,400 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in XPO in the 2nd quarter worth about $16,540,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Susquehanna upped their target price on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Stifel Nicolaus boosted their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price target on shares of XPO in a report on Friday, October 4th. TD Cowen decreased their price objective on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Citigroup initiated coverage on shares of XPO in a report on Wednesday, October 9th. They issued a “buy” rating and a $127.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $130.41.
XPO Price Performance
XPO stock opened at $117.70 on Monday. The firm has a market capitalization of $13.69 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10. XPO, Inc. has a 12-month low of $65.80 and a 12-month high of $130.51. The firm has a 50-day moving average price of $112.12 and a 200-day moving average price of $111.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.
XPO (NYSE:XPO – Get Free Report) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. The business had revenue of $2.08 billion during 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 revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, equities research analysts forecast that XPO, Inc. will post 3.52 EPS for the current year.
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.
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