Emerald Advisers LLC Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Emerald Advisers LLC cut its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 53.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,132 shares of the transportation company's stock after selling 4,809 shares during the period. Emerald Advisers LLC's holdings in XPO were worth $444,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in XPO during the 3rd quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings 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 valued at $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC bought a new stake in XPO during the 2nd quarter worth $28,000. ORG Partners LLC acquired a new position in XPO in the 1st quarter worth about $36,000. Finally, International Assets Investment Management LLC bought a new position in XPO in the second quarter valued at about $36,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on XPO. Citigroup boosted their price target on XPO from $127.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday. Oppenheimer restated an "outperform" rating and issued a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Susquehanna lifted their price target on shares of XPO from $145.00 to $160.00 and gave the stock a "positive" rating in a report on Wednesday, September 18th. Evercore ISI lowered their target price on XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Finally, TD Cowen upped their price target on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, XPO currently has a consensus rating of "Moderate Buy" and an average price target of $138.38.

XPO Stock Up 2.5 %

Shares of XPO stock traded up $3.31 on Monday, reaching $133.50. 1,384,367 shares of the company were exchanged, compared to its average volume of 1,478,878. XPO, Inc. has a one year low of $78.48 and a one year high of $138.71. The company has a market cap of $15.54 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 2.08 and a beta of 2.07. The company has a 50-day moving average of $112.67 and a 200-day moving average of $111.19. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 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 firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 3.55 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.