Creative Planning Sells 1,148 Shares of XPO, Inc. (NYSE:XPO)

Creative Planning decreased its position in XPO, Inc. (NYSE:XPO) by 17.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,408 shares of the transportation company’s stock after selling 1,148 shares during the quarter. Creative Planning’s holdings in XPO were worth $574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of XPO in the 1st quarter valued at about $27,000. Riverview Trust Co bought a new position in XPO in the first quarter valued at approximately $31,000. Blue Trust Inc. grew its holdings in XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the period. Quest Partners LLC bought a new stake in shares of XPO during the 2nd quarter valued at $28,000. Finally, ORG Partners LLC acquired a new position in shares of XPO in the 1st quarter valued at $36,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

NYSE:XPO opened at $115.54 on Monday. The stock has a market capitalization of $13.45 billion, a PE ratio of 38.39, a P/E/G ratio of 1.81 and a beta of 2.10. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51. The firm has a fifty day simple moving average of $112.29 and a 200 day simple moving average of $111.81. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business earned $0.71 EPS. XPO’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts expect that XPO, Inc. will post 3.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on XPO shares. TD Cowen decreased their price objective on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. lowered their price target on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Bank of America reduced their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group lowered their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price target on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two equities 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 stock. According to MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average price target of $130.35.

XPO 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.