Public Employees Retirement System of Ohio Reduces Stock Position in XPO, Inc. (NYSE:XPO)

Public Employees Retirement System of Ohio trimmed its stake in shares of XPO, Inc. (NYSE:XPO) by 4.8% in the third quarter, Holdings Channel.com reports. The fund owned 42,242 shares of the transportation company’s stock after selling 2,152 shares during the period. Public Employees Retirement System of Ohio’s holdings in XPO were worth $4,541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. D1 Capital Partners L.P. purchased a new position in XPO in the 2nd quarter valued at approximately $271,532,000. The Manufacturers Life Insurance Company increased its position in shares of XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after buying an additional 390,320 shares in the last quarter. Holocene Advisors LP raised its stake in shares of XPO by 61.2% during the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after buying an additional 259,727 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of XPO by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after buying an additional 253,519 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in XPO in the 3rd quarter valued at about $18,071,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

XPO has been the subject of a number of research reports. Barclays lifted their target price on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup lifted their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen increased their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.31.

XPO Trading Down 1.2 %

Shares of XPO stock opened at $156.30 on Friday. The firm’s 50-day simple moving average is $136.67 and its 200-day simple moving average is $119.37. 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, Inc. has a 1-year low of $80.26 and a 1-year high of $159.43. The firm has a market cap of $18.19 billion, a P/E ratio of 50.58, a PEG ratio of 2.40 and a beta of 2.08.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm posted $0.88 earnings per share. XPO’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that XPO, Inc. will post 3.62 EPS for the current 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.