Benjamin F. Edwards & Company Inc. Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Benjamin F. Edwards & Company Inc. trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 82.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415 shares of the transportation company’s stock after selling 1,938 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in XPO were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XPO. Mather Group LLC. purchased a new stake in shares of XPO during the first quarter worth about $27,000. Blue Trust Inc. boosted its holdings in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC purchased a new stake in shares of XPO during the second quarter worth about $28,000. Riverview Trust Co purchased a new stake in shares of XPO during the first quarter worth about $31,000. Finally, ORG Partners LLC purchased a new stake in shares of XPO during the first quarter worth about $36,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Raymond James lowered their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Stifel Nicolaus raised their price objective on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Finally, Susquehanna raised their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.18.

XPO Price Performance

Shares of NYSE XPO opened at $111.53 on Friday. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The company has a 50 day simple moving average of $113.12 and a two-hundred day simple moving average of $113.03. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 54.67, a P/E/G ratio of 1.85 and a beta of 2.11. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts expect that XPO, Inc. will post 3.59 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.