Independent Advisor Alliance Has $2.48 Million Holdings in XPO, Inc. (NYSE:XPO)

Independent Advisor Alliance trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,869 shares of the transportation company’s stock after selling 5,301 shares during the quarter. Independent Advisor Alliance’s holdings in XPO were worth $2,475,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter valued at $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. raised its stake in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of XPO in the third quarter valued at approximately $57,000. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Down 2.7 %

Shares of XPO stock opened at $106.05 on Friday. The stock has a market capitalization of $12.43 billion, a P/E ratio of 32.83, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day simple moving average is $131.90 and its 200 day simple moving average is $129.75.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPO. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and upped their price target for the stock from $155.00 to $180.00 in a report on Friday, February 7th. Stephens reiterated an “overweight” rating and issued a $171.00 target price on shares of XPO in a research note on Wednesday, March 5th. The Goldman Sachs Group raised their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer lifted their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $158.47.

XPO 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.