Janney Montgomery Scott LLC Sells 5,813 Shares of XPO, Inc. (NYSE:XPO)

Janney Montgomery Scott LLC lessened its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 13.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,654 shares of the transportation company's stock after selling 5,813 shares during the period. Janney Montgomery Scott LLC's holdings in XPO were worth $4,048,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XPO. ORG Wealth Partners LLC purchased a new stake in XPO in the 3rd quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock worth $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC purchased a new position in shares of XPO in the 2nd quarter worth about $28,000. International Assets Investment Management LLC purchased a new position in shares of XPO in the 2nd quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in XPO during the second quarter valued at about $37,000. Institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Barclays boosted their price objective on XPO from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Stephens reaffirmed an "overweight" rating and set a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. Finally, Citigroup lifted their target price on shares of XPO from $127.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.38.

XPO Price Performance

XPO stock traded up $1.65 during midday trading on Friday, hitting $152.23. 1,449,119 shares of the company's stock were exchanged, compared to its average volume of 1,693,662. The company has a market cap of $17.72 billion, a P/E ratio of 49.27, a PEG ratio of 2.38 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day moving average price of $115.43 and a two-hundred day moving average price of $112.22. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $154.98.

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

XPO 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.