Algert Global LLC Reduces Stock Holdings in XPO, Inc. (NYSE:XPO)

Algert Global LLC decreased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,395 shares of the transportation company's stock after selling 6,610 shares during the quarter. Algert Global LLC's holdings in XPO were worth $4,665,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company's stock valued at $165,299,000 after acquiring an additional 10,318 shares during the last quarter. PCJ Investment Counsel Ltd. increased its holdings in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock worth $4,344,000 after purchasing an additional 10,740 shares in the last quarter. Commerce Bank acquired a new position in XPO in the third quarter valued at approximately $210,000. Fifth Third Wealth Advisors LLC boosted its holdings in shares of XPO by 16.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,572 shares of the transportation company's stock worth $492,000 after buying an additional 640 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in shares of XPO during the 3rd quarter worth approximately $706,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

XPO has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. Barclays raised their target price on XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Citigroup upped their price target on XPO from $155.00 to $179.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Finally, Wells Fargo & Company boosted their price objective on XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.13.

XPO Stock Up 1.8 %

NYSE:XPO traded up $2.69 on Monday, hitting $151.66. The stock had a trading volume of 1,387,812 shares, compared to its average volume of 1,469,004. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The firm's fifty day simple moving average is $123.80 and its two-hundred day simple moving average is $114.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $17.65 billion, a P/E ratio of 49.43, a price-to-earnings-growth ratio of 2.24 and a beta of 2.07.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during 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 was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.88 earnings per share. Analysts predict that XPO, Inc. will post 3.62 earnings per share for the current year.

XPO Company 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.