XPO, Inc. (NYSE:XPO) is Redmond Asset Management LLC's 2nd Largest Position

Redmond Asset Management LLC lessened its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,616 shares of the transportation company's stock after selling 18,514 shares during the period. XPO makes up approximately 2.5% of Redmond Asset Management LLC's portfolio, making the stock its 2nd largest position. Redmond Asset Management LLC owned 0.07% of XPO worth $10,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in XPO in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of XPO in the 3rd quarter valued at approximately $57,000. UMB Bank n.a. raised its holdings in shares of XPO by 19.0% in the 4th 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 in the last quarter. Continuum Advisory LLC lifted its position in shares of XPO by 51.3% during the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company's stock worth $97,000 after purchasing an additional 305 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of XPO during the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Performance

Shares of NYSE XPO traded up $0.22 during midday trading on Wednesday, reaching $122.32. 1,016,656 shares of the company were exchanged, compared to its average volume of 1,555,080. The stock has a market cap of $14.34 billion, a P/E ratio of 37.87, a PEG ratio of 1.79 and a beta of 2.12. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. The stock has a fifty day simple moving average of $137.13 and a 200 day simple moving average of $130.40. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

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XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on XPO shares. TD Cowen raised their price target on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Susquehanna raised XPO from a "neutral" rating to a "positive" rating and raised their target price for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Oppenheimer upped their price target on XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, UBS Group boosted their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $161.13.

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.