National Bank of Canada FI Has $13.97 Million Holdings in XPO, Inc. (NYSE:XPO)

National Bank of Canada FI lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,693 shares of the transportation company’s stock after selling 2,295 shares during the period. National Bank of Canada FI’s holdings in XPO were worth $13,971,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mystic Asset Management Inc. raised its stake in XPO by 1.7% during the first quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock worth $1,068,000 after buying an additional 150 shares during the last quarter. US Bancorp DE raised its stake in XPO by 0.9% during the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after buying an additional 154 shares during the last quarter. Private Advisor Group LLC raised its stake in XPO by 4.9% during the first quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after buying an additional 179 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in XPO by 2.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock worth $625,000 after buying an additional 183 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in XPO by 18.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,242 shares of the transportation company’s stock worth $132,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of a number of analyst reports. Bank of America lowered their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Raymond James decreased their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. 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 note on Friday. Evercore ISI decreased their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company decreased their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.29.

XPO Stock Down 1.0 %

Shares of NYSE XPO opened at $101.70 on Friday. The stock has a market capitalization of $11.84 billion, a P/E ratio of 49.85, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a 50-day moving average price of $112.60 and a 200-day moving average price of $114.21. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO) last issued its quarterly earnings data 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, equities research analysts forecast that XPO, Inc. will post 3.61 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.