XPO, Inc. (NYSE:XPO) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its position in XPO, Inc. (NYSE:XPO - Free Report) by 25.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,198 shares of the transportation company's stock after selling 28,571 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.07% of XPO worth $9,160,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XPO. Cetera Advisors LLC bought a new stake in shares of XPO in the first quarter worth $235,000. Mather Group LLC. grew its holdings in shares of XPO by 182.6% in the second quarter. Mather Group LLC. now owns 619 shares of the transportation company's stock worth $66,000 after acquiring an additional 400 shares during the period. City Holding Co. grew its holdings in shares of XPO by 7.3% in the second quarter. City Holding Co. now owns 5,274 shares of the transportation company's stock worth $560,000 after acquiring an additional 359 shares during the period. SG Americas Securities LLC bought a new stake in XPO during the second quarter valued at about $2,172,000. Finally, Gateway Investment Advisers LLC bought a new stake in XPO during the second quarter valued at about $1,189,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Performance

XPO stock traded up $1.24 during midday trading on Friday, reaching $151.63. The stock had a trading volume of 1,202,855 shares, compared to its average volume of 1,460,603. The firm has a fifty day simple moving average of $131.73 and a two-hundred day simple moving average of $117.59. The stock has a market cap of $17.65 billion, a PE ratio of 49.07, a P/E/G ratio of 2.30 and a beta of 2.08. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $156.85.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. As a group, equities research analysts anticipate that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Ratings Changes

XPO has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on XPO from $139.00 to $136.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company boosted 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. 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. Barclays boosted their price target on XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Finally, TD Cowen boosted their price target on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.13.

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.