Gateway Investment Advisers LLC Sells 8,470 Shares of XPO, Inc. (NYSE:XPO)

Gateway Investment Advisers LLC lessened its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,058 shares of the transportation company's stock after selling 8,470 shares during the period. Gateway Investment Advisers LLC's holdings in XPO were worth $3,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. ORG Wealth Partners LLC acquired a new stake in XPO during the 3rd quarter worth about $25,000. Quest Partners LLC purchased a new stake in shares of XPO in the second quarter worth approximately $28,000. Versant Capital Management Inc acquired a new stake in shares of XPO during the fourth quarter worth approximately $29,000. UMB Bank n.a. grew its position in XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO in the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Performance

Shares of NYSE XPO traded down $0.71 during trading hours on Friday, hitting $137.82. 1,071,967 shares of the company's stock were exchanged, compared to its average volume of 1,516,751. The company's 50-day moving average price is $144.69 and its 200-day moving average price is $124.90. XPO, Inc. has a 1-year low of $81.19 and a 1-year high of $161.00. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.70 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. The company 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 company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. On average, sell-side analysts expect that XPO, Inc. will post 3.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group boosted their price target on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 10th. Stifel Nicolaus downgraded XPO from a "buy" rating to a "hold" rating and lowered their target price for the company from $131.00 to $124.00 in a research note on Wednesday. TD Cowen raised their price target on XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Citigroup boosted 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. Finally, Wells Fargo & Company cut their price objective on shares of XPO from $175.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $149.71.

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.