Sigma Investment Counselors Inc. Has $673,000 Stake in XPO, Inc. (NYSE:XPO)

Sigma Investment Counselors Inc. decreased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 52.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,259 shares of the transportation company's stock after selling 7,000 shares during the period. Sigma Investment Counselors Inc.'s holdings in XPO were worth $673,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new position in XPO during the 3rd quarter worth approximately $25,000. Blue Trust Inc. boosted its position in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new position in shares of XPO in the 2nd quarter valued at $28,000. ORG Partners LLC bought a new stake in shares of XPO in the 1st quarter valued at $36,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in XPO during the 1st quarter worth $37,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Up 5.1 %

NYSE XPO traded up $5.69 during trading hours on Friday, hitting $117.70. 2,099,896 shares of the company traded hands, compared to its average volume of 1,467,307. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 1.82 and a beta of 2.10. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51. The business's 50-day moving average is $112.12 and its 200-day moving average is $111.28. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Sell-side analysts anticipate that XPO, Inc. will post 3.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XPO. The Goldman Sachs Group lowered 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. Susquehanna increased their target price on XPO from $145.00 to $160.00 and gave the stock a "positive" rating in a research note on Wednesday, September 18th. TD Cowen cut their price target on shares of XPO from $143.00 to $142.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Stifel Nicolaus increased their price objective 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. Finally, Evercore ISI cut their price objective on shares of XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $130.41.

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.