Thrivent Financial for Lutherans Sells 7,943 Shares of XPO, Inc. (NYSE:XPO)

Thrivent Financial for Lutherans cut its position in shares of XPO, Inc. (NYSE:XPO) by 21.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,207 shares of the transportation company’s stock after selling 7,943 shares during the quarter. Thrivent Financial for Lutherans’ holdings in XPO were worth $3,140,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XPO. Silvercrest Asset Management Group LLC purchased a new position in shares of XPO during the first quarter worth approximately $252,000. Bayesian Capital Management LP purchased a new stake in XPO during the first quarter valued at about $1,323,000. Motley Fool Asset Management LLC bought a new position in shares of XPO during the first quarter valued at about $221,000. Comerica Bank increased its holdings in shares of XPO by 10.8% in the first quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock worth $6,654,000 after buying an additional 5,336 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of XPO by 144.8% in the 1st quarter. Virtu Financial LLC now owns 14,575 shares of the transportation company’s stock valued at $1,778,000 after acquiring an additional 8,622 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XPO. Benchmark reaffirmed a “buy” rating and issued 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 target price on shares of XPO in a research note on Thursday, September 5th. Barclays increased their price target on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Trading Up 1.8 %

Shares of NYSE XPO opened at $151.66 on Tuesday. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $124.64 and a 200 day moving average of $115.12. The stock has a market cap of $17.65 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 2.24 and a beta of 2.07.

XPO (NYSE:XPO) last released 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 net margin of 4.57% and a return on equity of 31.16%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. As a group, sell-side analysts expect that XPO, Inc. will post 3.62 EPS for the current fiscal year.

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.