PCJ Investment Counsel Ltd. reduced its position in XPO, Inc. (NYSE:XPO - Free Report) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,740 shares of the transportation company's stock after selling 12,670 shares during the quarter. XPO accounts for approximately 1.2% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 21st largest holding. PCJ Investment Counsel Ltd.'s holdings in XPO were worth $3,638,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in XPO in the fourth quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the fourth quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Brooklyn Investment Group purchased a new position in XPO in the third quarter valued at about $57,000. Finally, UMB Bank n.a. grew its stake in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after purchasing an additional 86 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
XPO has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Citigroup lifted their target price on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Stifel Nicolaus upgraded XPO from a "hold" rating to a "buy" rating and set a $147.00 price target on the stock in a research note on Monday, February 24th. Finally, Raymond James dropped their price target on XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Eighteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has an average rating of "Buy" and an average target price of $160.06.
Get Our Latest Analysis on XPO
XPO Stock Performance
NYSE:XPO traded up $1.79 during trading hours on Wednesday, reaching $108.95. The company had a trading volume of 1,810,662 shares, compared to its average volume of 1,604,124. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The firm has a market cap of $12.77 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The business's 50 day moving average price is $132.87 and its 200-day moving average price is $130.06. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.
XPO Profile
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Free Report)
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.
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