Douglas Lane & Associates LLC Lowers Stake in XPO, Inc. (NYSE:XPO)

Douglas Lane & Associates LLC cut its position in XPO, Inc. (NYSE:XPO - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 350,471 shares of the transportation company's stock after selling 69,785 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.30% of XPO worth $45,964,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock worth $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in XPO during the 3rd quarter worth approximately $534,000. Traynor Capital Management Inc. grew its stake in shares of XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company's stock valued at $2,596,000 after purchasing an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. grew its stake in shares of XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock valued at $4,344,000 after purchasing an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company's stock worth $75,131,000 after purchasing an additional 185,686 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Price Performance

NYSE:XPO traded up $1.66 during mid-day trading on Wednesday, hitting $137.12. 1,130,071 shares of the company's stock traded hands, compared to its average volume of 1,756,674. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $15.96 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The firm's 50 day simple moving average is $145.28 and its 200 day simple moving average is $123.41. XPO, Inc. has a 1 year low of $80.26 and a 1 year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same period last year, the company posted $0.88 EPS. The company's revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on XPO shares. Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Stifel Nicolaus boosted their price target on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Evercore ISI cut their price target on shares of XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. Susquehanna lowered XPO from a "positive" rating to a "neutral" rating and lowered their price objective for the company from $160.00 to $155.00 in a report on Tuesday. Finally, The Goldman Sachs Group increased their target price on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $148.25.

About XPO

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.