Vanguard Group Inc. Sells 67,043 Shares of XPO, Inc. $XPO

Vanguard Group Inc. cut its stake in shares of XPO, Inc. (NYSE:XPO) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,688,130 shares of the transportation company’s stock after selling 67,043 shares during the period. Vanguard Group Inc. owned about 0.09% of XPO worth $1,381,655,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XPO. Parkside Financial Bank & Trust grew its position in XPO by 23.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after acquiring an additional 82 shares during the last quarter. Archer Investment Corp boosted its stake in shares of XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 82 shares in the last quarter. Bayforest Capital Ltd grew its holdings in shares of XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of XPO by 21.6% in the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock valued at $63,000 after buying an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on XPO. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a report on Wednesday, January 21st. Citigroup boosted their price objective on shares of XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Benchmark restated a “buy” rating on shares of XPO in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a report on Friday, February 6th. Finally, Wolfe Research cut XPO from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. One investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.32.

XPO Stock Performance

Shares of XPO stock opened at $210.18 on Friday. The business has a 50-day moving average price of $159.72 and a two-hundred day moving average price of $142.02. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $212.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The company has a market cap of $24.62 billion, a P/E ratio of 79.31, a PEG ratio of 2.67 and a beta of 2.01.

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

XPO Profile

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.