Charles Schwab Investment Management Inc. Trims Position in XPO, Inc. (NYSE:XPO)

Charles Schwab Investment Management Inc. trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 888,231 shares of the transportation company’s stock after selling 11,504 shares during the period. Charles Schwab Investment Management Inc.’s holdings in XPO were worth $116,491,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in XPO in the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO in the fourth quarter worth about $42,000. Brooklyn Investment Group purchased a new stake in shares of XPO during the third quarter worth about $57,000. UMB Bank n.a. raised its stake in 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. Finally, Continuum Advisory LLC lifted its holdings in XPO by 51.3% in the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after purchasing an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XPO shares. JPMorgan Chase & Co. increased their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Raymond James reduced their price target on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research note on Friday. They issued a “buy” rating and a $156.00 price target on the stock. Jefferies Financial Group raised their price objective on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research report on Monday, February 24th. Eighteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $160.89.

XPO Price Performance

XPO stock opened at $108.07 on Friday. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a 50-day moving average price of $133.88 and a 200-day moving average price of $130.24. The firm has a market capitalization of $12.67 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts forecast that XPO, Inc. will post 4.15 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.