XPO, Inc. (NYSE:XPO) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,539 shares of the transportation company's stock after selling 8,619 shares during the quarter. XPO makes up approximately 1.5% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 17th largest position. Rice Hall James & Associates LLC owned 0.23% of XPO worth $28,226,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in shares of XPO during the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its stake 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 valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new stake in shares of XPO during the second quarter worth about $28,000. ORG Partners LLC bought a new stake in shares of XPO during the first quarter worth about $36,000. Finally, International Assets Investment Management LLC acquired a new position in shares of XPO in the second quarter valued at approximately $36,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 0.3 %

Shares of NYSE XPO traded down $0.34 during trading on Friday, hitting $130.19. 858,688 shares of the company were exchanged, compared to its average volume of 1,479,080. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.00 and a current ratio of 1.06. The company has a fifty day moving average price of $112.67 and a 200-day moving average price of $111.32. XPO, Inc. has a 12-month low of $78.01 and a 12-month high of $138.71. The firm has a market capitalization of $15.15 billion, a PE ratio of 42.13, a P/E/G ratio of 2.19 and a beta of 2.10.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that XPO, Inc. will post 3.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Susquehanna lifted their target price on shares of XPO from $145.00 to $160.00 and gave the stock a "positive" rating in a research report on Wednesday, September 18th. Benchmark reiterated a "buy" rating and set a $140.00 price target on shares of XPO in a report on Thursday, September 19th. JPMorgan Chase & Co. decreased their price objective on XPO from $147.00 to $143.00 and set an "overweight" rating for the company in a report on Friday, September 6th. The Goldman Sachs Group decreased their price target on XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.38.

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.