Franklin Resources Inc. Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Franklin Resources Inc. trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 92.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,244 shares of the transportation company's stock after selling 53,166 shares during the period. Franklin Resources Inc.'s holdings in XPO were worth $493,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in XPO during the third quarter worth approximately $25,000. Quest Partners LLC purchased a new stake in shares of XPO during the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in shares of XPO in the 2nd quarter valued at $36,000. UMB Bank n.a. grew its position in shares of XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after buying an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in XPO during the 3rd quarter worth $57,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XPO. Evercore ISI dropped their price objective on XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. Stephens reaffirmed an "overweight" rating and set a $165.00 price target on shares of XPO in a research report on Wednesday, December 4th. Stifel Nicolaus raised their target price on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Barclays lifted their target price on shares of XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Finally, Susquehanna increased their price target on shares of XPO from $145.00 to $160.00 and gave the stock a "positive" rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $147.31.

XPO Trading Down 1.1 %

Shares of NYSE XPO traded down $1.44 during midday trading on Tuesday, reaching $131.15. 1,006,703 shares of the stock were exchanged, compared to its average volume of 1,488,937. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $15.27 billion, a P/E ratio of 42.44, a P/E/G ratio of 2.37 and a beta of 2.08. The stock has a 50 day moving average price of $143.30 and a 200-day moving average price of $122.31. XPO, Inc. has a 52-week low of $80.26 and a 52-week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $0.88 EPS. XPO's revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal 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.