XPO, Inc. (NYSE:XPO) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,397 shares of the transportation company’s stock after selling 175 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in XPO were worth $577,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Stifel Financial Corp grew its holdings in XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of XPO during the 3rd quarter worth $534,000. Traynor Capital Management Inc. boosted its position in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 13,422 shares in the last quarter. PCJ Investment Counsel Ltd. grew its stake in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after purchasing an additional 10,740 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Up 1.5 %

XPO stock opened at $138.38 on Friday. XPO, Inc. has a one year low of $80.26 and a one year high of $161.00. The stock has a market capitalization of $16.11 billion, a P/E ratio of 44.78, a PEG ratio of 1.70 and a beta of 2.11. The company has a 50 day moving average price of $144.98 and a two-hundred day moving average price of $124.68. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 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 the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that XPO, Inc. will post 3.6 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Evercore ISI reduced their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Oppenheimer boosted their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Susquehanna cut XPO from a “positive” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $155.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

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.