XPO, Inc. (NYSE:XPO) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lowered its position in shares of XPO, Inc. (NYSE:XPO) by 50.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the transportation company’s stock after selling 7,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in XPO were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in XPO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company’s stock valued at $805,947,000 after buying an additional 54,528 shares during the period. Deutsche Bank AG boosted its position in XPO by 12,894.9% in the 3rd quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock valued at $97,359,000 after buying an additional 1,294,002 shares during the period. Invesco Ltd. boosted its position in XPO by 76.5% in the 3rd quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company’s stock valued at $93,976,000 after buying an additional 545,485 shares during the period. Federated Hermes Inc. boosted its position in XPO by 14.1% in the 3rd quarter. Federated Hermes Inc. now owns 1,197,431 shares of the transportation company’s stock valued at $89,400,000 after buying an additional 147,868 shares during the period. Finally, Eminence Capital LP boosted its position in XPO by 137.4% in the 3rd quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock valued at $88,943,000 after buying an additional 689,457 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on XPO. Citigroup raised their price target on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Bank of America raised their price objective on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a report on Monday, April 15th. Stifel Nicolaus raised their price objective on shares of XPO from $77.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. TD Cowen raised their price objective on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Morgan Stanley lowered shares of XPO from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $75.00 to $80.00 in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Stock Performance

NYSE XPO traded down $7.35 during trading on Friday, reaching $110.90. The company’s stock had a trading volume of 4,820,529 shares, compared to its average volume of 1,063,648. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 68.89, a P/E/G ratio of 2.84 and a beta of 2.19. XPO, Inc. has a twelve month low of $40.69 and a twelve month high of $130.51. The business’s fifty day moving average price is $121.92 and its 200-day moving average price is $98.87.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. XPO’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, analysts anticipate that XPO, Inc. will post 3.47 EPS for the current fiscal 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.