XPO (NYSE:XPO) Shares Down 3.3% – Here’s What Happened

XPO, Inc. (NYSE:XPO)’s stock price traded down 3.3% during trading on Friday . The company traded as low as $138.34 and last traded at $140.69. 290,626 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,474,627 shares. The stock had previously closed at $145.51.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Oppenheimer increased 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. Stifel Nicolaus raised their target price on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Benchmark restated a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Barclays increased their price target on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group upped 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. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.31.

XPO Stock Down 4.1 %

The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 2.37 and a beta of 2.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a 50 day moving average price of $140.20 and a two-hundred day moving average price of $120.55.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. As a group, sell-side analysts expect that XPO, Inc. will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On XPO

Institutional investors have recently modified their holdings of the stock. D1 Capital Partners L.P. bought a new stake in XPO in the second quarter valued at about $271,532,000. The Manufacturers Life Insurance Company grew its position in XPO by 239.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after purchasing an additional 390,320 shares during the last quarter. Holocene Advisors LP increased its position in XPO by 61.2% in the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock valued at $73,529,000 after acquiring an additional 259,727 shares during the period. Clearbridge Investments LLC increased its holdings in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of XPO during the 3rd quarter worth about $18,071,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

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.