Vanguard Personalized Indexing Management LLC Reduces Stock Position in XPO, Inc. (NYSE:XPO)

Vanguard Personalized Indexing Management LLC trimmed its holdings in XPO, Inc. (NYSE:XPO) by 1.4% in the second quarter, Holdings Channel reports. The institutional investor owned 9,904 shares of the transportation company’s stock after selling 143 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in XPO were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of XPO by 49.9% in the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after acquiring an additional 3,094,390 shares during the period. Norges Bank bought a new stake in shares of XPO during the 4th quarter valued at $79,592,000. Clearbridge Investments LLC lifted its holdings in XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after purchasing an additional 560,079 shares in the last quarter. Capital World Investors boosted its stake in XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after purchasing an additional 503,388 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in XPO by 44.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after buying an additional 463,267 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $113.11 on Tuesday. The company’s fifty day moving average is $113.21 and its 200 day moving average is $113.16. 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, Inc. has a 52 week low of $65.80 and a 52 week high of $130.51. The stock has a market cap of $13.16 billion, a PE ratio of 55.45, a PEG ratio of 1.76 and a beta of 2.11.

XPO (NYSE:XPO) last issued its 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 analysts’ expectations of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. XPO’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. Research analysts anticipate that XPO, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XPO shares. Raymond James lowered their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. TD Cowen cut their price target on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company decreased their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Stephens reissued an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Finally, Benchmark restated a “buy” rating and issued a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.18.

About XPO

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.