State of Michigan Retirement System Reduces Position in XPO, Inc. (NYSE:XPO)

State of Michigan Retirement System cut its position in XPO, Inc. (NYSE:XPO) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,542 shares of the transportation company’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in XPO were worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 107 shares during the last quarter. Greenleaf Trust increased its holdings in shares of XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock valued at $311,000 after acquiring an additional 114 shares during the last quarter. CIBC Asset Management Inc increased its stake in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 116 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in XPO by 16.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 118 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America dropped their price target on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer raised their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Monday, February 24th. Barclays dropped their price target on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and raised their target price for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Eighteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $160.89.

XPO Stock Down 2.7 %

Shares of NYSE XPO opened at $108.07 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The firm has a 50-day moving average price of $133.88 and a 200 day moving average price of $130.15. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that XPO, Inc. will post 4.15 EPS 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.