Federated Hermes Inc. Sells 8,915 Shares of XPO, Inc. $XPO

Federated Hermes Inc. cut its position in shares of XPO, Inc. (NYSE:XPO) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,404 shares of the transportation company’s stock after selling 8,915 shares during the period. Federated Hermes Inc. owned about 0.23% of XPO worth $35,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of XPO. Bayforest Capital Ltd boosted its position in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. RMG Wealth Management LLC bought a new position in XPO during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in XPO during the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of XPO in the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of several analyst reports. Zacks Research downgraded XPO from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Morgan Stanley lifted their price objective on XPO from $83.00 to $90.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Truist Financial set a $145.00 target price on shares of XPO in a research note on Tuesday, October 14th. Susquehanna dropped their target price on shares of XPO from $162.00 to $160.00 and set a “positive” rating for the company in a research report on Monday, January 5th. Finally, Evercore ISI reissued an “in-line” rating and set a $148.00 price target (down from $151.00) on shares of XPO in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.29.

XPO Stock Up 1.6%

Shares of NYSE:XPO opened at $150.68 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. The firm has a market cap of $17.69 billion, a P/E ratio of 54.20, a P/E/G ratio of 2.70 and a beta of 2.02. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $155.95. The company’s 50-day moving average price is $143.90 and its two-hundred day moving average price is $135.23.

XPO (NYSE:XPO) last announced its earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. XPO had a net margin of 4.13% and a return on equity of 26.14%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

About XPO

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.