PCJ Investment Counsel Ltd. Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

PCJ Investment Counsel Ltd. reduced its position in XPO, Inc. (NYSE:XPO) by 31.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,740 shares of the transportation company’s stock after selling 12,670 shares during the period. XPO makes up about 1.2% of PCJ Investment Counsel Ltd.’s investment portfolio, making the stock its 21st largest position. PCJ Investment Counsel Ltd.’s holdings in XPO were worth $3,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XPO. Versant Capital Management Inc bought a new stake in shares of XPO in the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the period. Brooklyn Investment Group bought a new stake in shares of XPO during the 3rd quarter valued at $57,000. Finally, UMB Bank n.a. raised its position in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 86 shares during the period. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 2.7 %

Shares of NYSE XPO opened at $108.07 on Friday. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average is $133.88 and its two-hundred day moving average is $130.15. The stock has a market capitalization of $12.67 billion, a P/E ratio of 33.46, a PEG ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup increased their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Monday, February 24th. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $160.89.

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.