Quantinno Capital Management LP Has $535,000 Stock Position in XPO, Inc. (NYSE:XPO)

Quantinno Capital Management LP lifted its holdings in XPO, Inc. (NYSE:XPO) by 30.6% in the 3rd quarter, Holdings Channel reports. The firm owned 4,979 shares of the transportation company’s stock after buying an additional 1,168 shares during the quarter. Quantinno Capital Management LP’s holdings in XPO were worth $535,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HighVista Strategies LLC boosted its stake in shares of XPO by 47.9% during the 3rd quarter. HighVista Strategies LLC now owns 37,680 shares of the transportation company’s stock worth $4,051,000 after acquiring an additional 12,200 shares in the last quarter. Holocene Advisors LP boosted its position in XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares during the period. Centiva Capital LP grew its holdings in XPO by 49.5% during the third quarter. Centiva Capital LP now owns 4,754 shares of the transportation company’s stock valued at $511,000 after purchasing an additional 1,574 shares during the last quarter. Arvin Capital Management LP raised its position in shares of XPO by 15.5% in the third quarter. Arvin Capital Management LP now owns 140,351 shares of the transportation company’s stock valued at $15,089,000 after purchasing an additional 18,831 shares during the period. Finally, Atom Investors LP acquired a new stake in shares of XPO in the third quarter worth $2,759,000. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XPO shares. JPMorgan Chase & Co. lifted their price objective on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group lifted their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI lowered their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Susquehanna boosted their target price on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Finally, Oppenheimer increased their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.31.

XPO Price Performance

Shares of XPO stock opened at $156.30 on Friday. The stock’s fifty day simple moving average is $136.67 and its 200 day simple moving average is $119.37. XPO, Inc. has a one year low of $80.26 and a one year high of $159.43. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 2.40 and a beta of 2.08. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. On average, analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

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.