Fmr LLC Has $270.39 Million Stock Position in XPO, Inc. (NYSE:XPO)

Fmr LLC cut its holdings in XPO, Inc. (NYSE:XPO) by 12.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,515,013 shares of the transportation company’s stock after selling 345,664 shares during the quarter. Fmr LLC’s holdings in XPO were worth $270,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Traynor Capital Management Inc. lifted its position in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after acquiring an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. increased its stake in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after purchasing an additional 10,740 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of XPO during the third quarter valued at about $706,000. Westwood Holdings Group Inc. boosted its position in shares of XPO by 38.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after purchasing an additional 57,192 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of XPO by 595.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock valued at $2,718,000 after buying an additional 21,889 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XPO has been the topic of a number of research reports. Susquehanna upped their price target on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Citigroup increased their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Benchmark restated a “buy” rating and set a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Stephens reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Finally, TD Cowen lifted their price objective on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

XPO Stock Performance

Shares of XPO opened at $152.41 on Monday. The stock has a 50 day moving average of $127.72 and a 200 day moving average of $116.20. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 2.29 and a beta of 2.07. XPO, Inc. has a 12 month low of $78.72 and a 12 month high of $156.85. 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 announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. As a group, sell-side analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current 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.