South Dakota Investment Council Decreases Stake in XPO, Inc. (NYSE:XPO)

South Dakota Investment Council lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,906 shares of the transportation company’s stock after selling 446 shares during the period. South Dakota Investment Council’s holdings in XPO were worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc purchased a new stake in shares of XPO in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in XPO during the third quarter worth $57,000. UMB Bank n.a. boosted its stake in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after buying an additional 86 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of 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 acquiring an additional 305 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of XPO in the 3rd quarter worth $108,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

XPO opened at $124.70 on Monday. The stock’s 50-day moving average price is $138.54 and its 200 day moving average price is $130.13. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.79 and a beta of 2.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XPO shares. UBS Group upped their price objective on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group boosted their target price on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and raised their price target for the stock from $155.00 to $180.00 in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Stephens reiterated an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $161.13.

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.