Douglas Lane & Associates LLC Trims Stake in XPO, Inc. $XPO

Douglas Lane & Associates LLC cut its stake in shares of XPO, Inc. (NYSE:XPO) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,982 shares of the transportation company’s stock after selling 20,795 shares during the period. Douglas Lane & Associates LLC owned about 0.23% of XPO worth $35,547,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. RMG Wealth Management LLC bought a new position in shares of XPO in the second quarter worth about $26,000. EverSource Wealth Advisors LLC increased its holdings in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in XPO during the 2nd quarter worth approximately $42,000. MassMutual Private Wealth & Trust FSB lifted its holdings in XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after purchasing an additional 149 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Benchmark restated a “buy” rating on shares of XPO in a research note on Tuesday, December 2nd. Cowen restated a “buy” rating on shares of XPO in a research report on Friday, October 31st. Evercore ISI upped their price objective on XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Rothschild Redb raised XPO to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, Oppenheimer set a $154.00 price target on XPO and gave the stock an “outperform” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.67.

XPO Price Performance

NYSE:XPO opened at $138.55 on Friday. The business’s 50-day moving average is $136.60 and its 200 day moving average is $131.23. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $155.08. The company has a market capitalization of $16.26 billion, a P/E ratio of 49.84, a P/E/G ratio of 2.76 and a beta of 2.03. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last released its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. On average, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.