Retirement Systems of Alabama Sells 4,508 Shares of XPO, Inc. (NYSE:XPO)

Retirement Systems of Alabama cut its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 247,497 shares of the transportation company's stock after selling 4,508 shares during the quarter. Retirement Systems of Alabama owned approximately 0.21% of XPO worth $32,459,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake 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 worth $71,000 after buying an additional 86 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company's stock worth $245,000 after acquiring an additional 107 shares during the period. Greenleaf Trust boosted its position in XPO by 5.0% in the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock worth $311,000 after purchasing an additional 114 shares during the last quarter. CIBC Asset Management Inc grew its stake in XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock valued at $359,000 after purchasing an additional 116 shares during the period. Finally, Stephens Inc. AR increased its position in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after purchasing an additional 142 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

NYSE:XPO traded up $1.41 during trading hours on Friday, hitting $148.32. 1,684,785 shares of the company's stock traded hands, compared to its average volume of 1,433,174. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The business's fifty day simple moving average is $141.20 and its two-hundred day simple moving average is $128.06. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $17.26 billion, a P/E ratio of 45.92, a P/E/G ratio of 1.93 and a beta of 2.12.

XPO (NYSE:XPO - Get Free Report) last issued 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%. On average, research analysts anticipate that XPO, Inc. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XPO shares. Oppenheimer boosted their price target on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Jefferies Financial Group boosted their target price on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Benchmark raised their price target on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group increased their price objective on XPO from $150.00 to $167.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, XPO currently has a consensus rating of "Moderate Buy" and an average price target of $156.35.

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.