XPO, Inc. (NYSE:XPO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 899,735 shares of the transportation company's stock after selling 16,376 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of XPO worth $96,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC grew its stake in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company's stock valued at $210,000 after buying an additional 103 shares during the last quarter. CIBC Asset Management Inc increased its stake in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock worth $359,000 after purchasing an additional 116 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company's stock worth $150,000 after purchasing an additional 126 shares during the period. Stephens Inc. AR boosted its stake in shares of XPO by 6.4% during the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after purchasing an additional 142 shares during the period. Finally, Resources Management Corp CT ADV boosted its stake in shares of XPO by 1.9% during the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company's stock valued at $805,000 after purchasing an additional 145 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XPO shares. Oppenheimer reiterated an "outperform" rating and set a $140.00 price objective on shares of XPO in a report on Friday, October 4th. Stifel Nicolaus boosted their price target on XPO from $125.00 to $126.00 and gave the company a "buy" rating in a report on Monday, October 21st. TD Cowen raised their price objective on XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on XPO from $147.00 to $143.00 and set an "overweight" rating for the company in a report on Friday, September 6th. Finally, Citigroup raised their price target on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.13.

XPO Stock Up 0.5 %

NYSE XPO traded up $0.82 on Wednesday, hitting $152.14. The stock had a trading volume of 20,594 shares, compared to its average volume of 1,462,323. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $156.85. The business's fifty day moving average price is $125.45 and its 200 day moving average price is $115.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 2.28 and a beta of 2.07.

XPO (NYSE:XPO - Get Free Report) last released 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. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same period last year, the business posted $0.88 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current year.

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.