LPL Financial LLC Has $6.12 Million Stock Position in XPO, Inc. (NYSE:XPO)

LPL Financial LLC lowered its stake in XPO, Inc. (NYSE:XPO) by 23.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,867 shares of the transportation company’s stock after selling 17,383 shares during the period. LPL Financial LLC’s holdings in XPO were worth $6,118,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XPO. Capital Research Global Investors raised its stake in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of XPO during the fourth quarter valued at $231,667,000. Capital World Investors raised its stake in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares during the last quarter. Durable Capital Partners LP bought a new position in shares of XPO during the fourth quarter valued at $75,923,000. Finally, Natixis bought a new position in shares of XPO during the fourth quarter valued at $57,796,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Down 1.0%

XPO opened at $119.03 on Tuesday. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The company has a market cap of $14.02 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 2.32 and a beta of 1.97. The company has a fifty day moving average price of $126.00 and a two-hundred day moving average price of $119.40.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XPO. UBS Group raised their price target on shares of XPO from $123.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Evercore ISI raised their price target on shares of XPO from $115.00 to $116.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. TD Cowen dropped their price target on shares of XPO from $136.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, June 27th. Truist Financial raised their price target on shares of XPO from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, June 30th. Finally, Benchmark raised their price target on shares of XPO from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

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.