XPO, Inc. (NYSE:XPO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 781,188 shares of the transportation company's stock after selling 13,962 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of XPO worth $102,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of XPO during the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new stake in XPO during the third quarter valued at about $57,000. UMB Bank n.a. boosted its stake in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after purchasing an additional 86 shares during the period. Continuum Advisory LLC grew its stake in XPO by 51.3% during the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company's stock valued at $97,000 after acquiring an additional 305 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of XPO in the third quarter worth about $108,000. Institutional investors own 97.73% of the company's stock.

XPO Trading Down 3.5 %

NYSE:XPO traded down $4.13 during midday trading on Wednesday, hitting $112.67. The stock had a trading volume of 2,408,269 shares, compared to its average volume of 1,473,194. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.79 and a beta of 2.12. The stock has a 50-day moving average of $134.81 and a 200 day moving average of $130.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

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XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XPO shares. Raymond James dropped their price objective on shares of XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Barclays reduced their price objective on XPO from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Citigroup raised their price objective on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Bank of America cut their target price on XPO from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, UBS Group increased their price target on XPO from $159.00 to $170.00 and gave the company a "buy" rating in a report on Friday, February 7th. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has an average rating of "Buy" and an average price target of $162.50.

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.