XPO, Inc. (NYSE:XPO) Shares Sold by Channing Capital Management LLC

Channing Capital Management LLC trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 86.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,866 shares of the transportation company's stock after selling 696,333 shares during the period. Channing Capital Management LLC owned approximately 0.09% of XPO worth $14,278,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO during the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after buying an additional 130 shares during the period. Larson Financial Group LLC boosted its holdings in 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 acquiring an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of XPO in the 3rd quarter worth about $57,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Up 3.0 %

Shares of XPO traded up $3.23 on Wednesday, hitting $110.39. 1,094,371 shares of the stock traded hands, compared to its average volume of 1,481,528. 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 business has a 50 day simple moving average of $132.87 and a 200 day simple moving average of $130.06. 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 $12.94 billion, a PE ratio of 34.12, a P/E/G ratio of 1.79 and a beta of 2.13.

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XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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, equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XPO shares. Raymond James cut their target price on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Benchmark raised their price objective on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Stephens restated an "overweight" rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a research note on Friday, March 7th. They set a "buy" rating and a $156.00 price objective on the stock. Finally, Barclays reduced their price target on XPO from $165.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday. Eighteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $160.06.

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.