American Century Companies Inc. Decreases Holdings in XPO, Inc. (NYSE:XPO)

American Century Companies Inc. lowered its holdings in XPO, Inc. (NYSE:XPO) by 0.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 631,133 shares of the transportation company’s stock after selling 4,935 shares during the quarter. American Century Companies Inc. owned about 0.54% of XPO worth $66,995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in XPO in the fourth quarter valued at $79,592,000. CenterBook Partners LP purchased a new stake in shares of XPO in the 4th quarter valued at about $779,000. Dimensional Fund Advisors LP boosted its position in shares of XPO by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock valued at $128,603,000 after purchasing an additional 67,797 shares during the period. Janney Montgomery Scott LLC grew its stake in XPO by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after buying an additional 1,712 shares during the last quarter. Finally, Empirical Capital Management LLC acquired a new position in XPO during the fourth quarter worth approximately $4,380,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Raymond James lowered their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Susquehanna reduced their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. JPMorgan Chase & Co. lowered their price target on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Finally, Wells Fargo & Company reduced their price objective on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.29.

XPO Stock Up 2.0 %

Shares of NYSE XPO opened at $109.50 on Monday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 1.72 and a beta of 2.11. XPO, Inc. has a 52 week low of $65.80 and a 52 week high of $130.51. The firm has a 50-day moving average price of $112.41 and a 200 day moving average price of $113.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Equities research analysts anticipate that XPO, Inc. will post 3.6 EPS for the current fiscal year.

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.