Raymond James & Associates Sells 11,344 Shares of XPO, Inc. (NYSE:XPO)

Raymond James & Associates reduced its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,823 shares of the transportation company's stock after selling 11,344 shares during the period. Raymond James & Associates owned about 0.11% of XPO worth $14,387,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in XPO. ORG Wealth Partners LLC acquired a new stake in shares of XPO during the 3rd quarter valued at about $25,000. Blue Trust Inc. boosted its position in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock valued at $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new position in XPO in the second quarter valued at about $28,000. ORG Partners LLC acquired a new position in XPO in the first quarter valued at about $36,000. Finally, International Assets Investment Management LLC acquired a new position in XPO in the second quarter valued at about $36,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Up 1.6 %

Shares of XPO traded up $1.90 on Monday, reaching $119.60. 1,092,517 shares of the company's stock were exchanged, compared to its average volume of 1,465,504. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $13.92 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 1.93 and a beta of 2.10. The business has a 50 day moving average price of $112.12 and a two-hundred day moving average price of $111.06. XPO, Inc. has a 12 month low of $71.55 and a 12 month high of $130.51.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XPO shares. The Goldman Sachs Group reduced their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Bank of America reduced their price target on shares of XPO from $135.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price target on shares of XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research report on Friday, September 6th. Oppenheimer restated an "outperform" rating and issued a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Finally, Stifel Nicolaus upped 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, XPO currently has an average rating of "Moderate Buy" and an average 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.