XPO, Inc. (NYSE:XPO) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 52.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,175 shares of the transportation company's stock after selling 27,873 shares during the quarter. Concentric Capital Strategies LP's holdings in XPO were worth $2,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arvin Capital Management LP raised its holdings in XPO by 15.5% in the third quarter. Arvin Capital Management LP now owns 140,351 shares of the transportation company's stock valued at $15,089,000 after buying an additional 18,831 shares during the period. Atom Investors LP purchased a new position in shares of XPO in the 3rd quarter valued at $2,759,000. Aureus Asset Management LLC acquired a new position in shares of XPO during the 3rd quarter valued at $1,075,000. D1 Capital Partners L.P. boosted its position in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in XPO by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company's stock valued at $2,745,000 after purchasing an additional 381 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of NYSE:XPO traded down $0.81 during trading on Tuesday, hitting $153.72. 404,474 shares of the company traded hands, compared to its average volume of 1,456,640. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The business's fifty day moving average is $128.55 and its 200-day moving average is $116.50. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 2.29 and a beta of 2.08. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, equities analysts predict that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on XPO. TD Cowen boosted their target price on shares of XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Citigroup raised their target price on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price target on XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company increased their price target on XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price objective on XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.13.

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.