Partners Group Holding AG Cuts Holdings in XPO, Inc. $XPO

Partners Group Holding AG lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,516 shares of the transportation company’s stock after selling 11,047 shares during the quarter. Partners Group Holding AG’s holdings in XPO were worth $6,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Parkside Financial Bank & Trust raised its position in XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares in the last quarter. Archer Investment Corp lifted its position in XPO by 9.6% in the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares during the last quarter. Bayforest Capital Ltd lifted its position in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Bessemer Group Inc. boosted its stake in XPO by 21.6% in the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after buying an additional 87 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on XPO shares. Rothschild & Co Redburn set a $156.00 price target on shares of XPO in a research note on Wednesday, November 26th. Citigroup increased their target price on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Oppenheimer boosted their price target on shares of XPO from $154.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. Finally, TD Cowen reiterated a “buy” rating on shares of XPO in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.32.

XPO Stock Down 2.7%

Shares of XPO stock opened at $198.92 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $212.71. The company has a market cap of $23.30 billion, a P/E ratio of 75.06, a PEG ratio of 2.68 and a beta of 2.01. The company’s fifty day simple moving average is $163.03 and its two-hundred day simple moving average is $143.86.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.