XPO, Inc. $XPO Holdings Reduced by Arizona State Retirement System

Arizona State Retirement System decreased its position in XPO, Inc. (NYSE:XPO) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,501 shares of the transportation company’s stock after selling 2,359 shares during the period. Arizona State Retirement System’s holdings in XPO were worth $4,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of XPO. Diversified Enterprises LLC acquired a new position in shares of XPO during the fourth quarter valued at $207,000. HB Wealth Management LLC increased its holdings in shares of XPO by 13.3% during the fourth quarter. HB Wealth Management LLC now owns 2,751 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 322 shares during the period. M&T Bank Corp increased its holdings in shares of XPO by 133.8% during the fourth quarter. M&T Bank Corp now owns 8,526 shares of the transportation company’s stock valued at $1,223,000 after purchasing an additional 4,879 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of XPO by 8.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,871 shares of the transportation company’s stock valued at $3,380,000 after purchasing an additional 1,865 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in shares of XPO by 59.0% during the fourth quarter. Evergreen Capital Management LLC now owns 4,504 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 1,671 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

NYSE:XPO opened at $219.89 on Tuesday. The business’s 50-day moving average price is $203.04 and its 200 day moving average price is $165.91. The firm has a market cap of $25.82 billion, a P/E ratio of 82.98, a PEG ratio of 2.93 and a beta of 1.94. XPO, Inc. has a 52-week low of $94.31 and a 52-week high of $231.46. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.XPO’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, sell-side analysts predict that XPO, Inc. will post 4.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on XPO. Morgan Stanley reissued an “underweight” rating and set a $95.00 price target on shares of XPO in a report on Thursday, February 5th. Barclays set a $195.00 price objective on shares of XPO and gave the company an “overweight” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their target price on XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. TD Cowen restated a “buy” rating on shares of XPO in a research report on Friday, February 6th. Finally, Wells Fargo & Company upped their target price on XPO from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.86.

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.