XPO, Inc. (NYSE:XPO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in XPO, Inc. (NYSE:XPO) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,005 shares of the transportation company’s stock after selling 11,254 shares during the quarter. Retirement Systems of Alabama’s holdings in XPO were worth $27,093,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of XPO in the third quarter valued at $25,000. Blue Trust Inc. lifted its holdings in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC purchased a new position in XPO in the 2nd quarter valued at about $28,000. International Assets Investment Management LLC acquired a new stake in shares of XPO during the second quarter valued at about $36,000. Finally, UMB Bank n.a. increased its position in shares of XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after acquiring an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XPO. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. Stifel Nicolaus raised their price target on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Cowen boosted their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.31.

XPO Stock Down 1.2 %

NYSE:XPO opened at $156.30 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a 50 day moving average of $135.67 and a 200-day moving average of $118.97. The firm has a market capitalization of $18.19 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.40 and a beta of 2.08. XPO, Inc. has a 52 week low of $80.26 and a 52 week high of $159.43.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that XPO, Inc. will post 3.62 EPS for the current 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.