Private Advisor Group LLC Sells 169 Shares of XPO, Inc. (NYSE:XPO)

Private Advisor Group LLC reduced its holdings in XPO, Inc. (NYSE:XPO) by 4.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,747 shares of the transportation company’s stock after selling 169 shares during the quarter. Private Advisor Group LLC’s holdings in XPO were worth $403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors grew its stake in XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after buying an additional 912,544 shares during the last quarter. Capital World Investors lifted its holdings in shares of XPO by 3.3% during the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after acquiring an additional 142,908 shares during the period. D1 Capital Partners L.P. bought a new stake in shares of XPO during the 2nd quarter worth approximately $271,532,000. Clearbridge Investments LLC lifted its holdings in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after purchasing an additional 130,322 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Up 3.5 %

XPO stock opened at $138.21 on Wednesday. XPO, Inc. has a 1-year low of $78.48 and a 1-year high of $138.80. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 2.04 and a beta of 2.07. The firm’s fifty day moving average price is $113.30 and its two-hundred day moving average price is $111.48. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that XPO, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XPO. JPMorgan Chase & Co. decreased their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. Oppenheimer restated an “outperform” rating and issued a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Stifel Nicolaus upped their price target on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Evercore ISI decreased their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average target price of $138.38.

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.