Fred Alger Management LLC Has $1.14 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Fred Alger Management LLC cut its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,573 shares of the transportation company's stock after selling 4,148 shares during the period. Fred Alger Management LLC's holdings in XPO were worth $1,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in shares of XPO during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock valued at $27,000 after buying an additional 258 shares during the last quarter. Quest Partners LLC acquired a new position in XPO during the 2nd quarter worth $28,000. International Assets Investment Management LLC acquired a new position in XPO during the 2nd quarter worth $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of XPO in the second quarter valued at about $37,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

NYSE:XPO traded up $2.21 on Monday, reaching $154.62. The stock had a trading volume of 1,514,745 shares, compared to its average volume of 1,461,264. The company has a market capitalization of $18.00 billion, a P/E ratio of 50.04, a price-to-earnings-growth ratio of 2.29 and a beta of 2.07. The stock has a fifty day moving average price of $128.55 and a 200-day moving average price of $116.50. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 1-year low of $78.72 and a 1-year high of $156.85.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share 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 period last year, the firm posted $0.88 EPS. The business's revenue was up 3.7% on a year-over-year basis. Research analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XPO shares. The Goldman Sachs Group decreased their target price on XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Friday, September 6th. Citigroup upped their target price on shares of XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their price target on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Finally, Stephens reaffirmed an "overweight" rating and set a $150.00 price objective on shares of XPO in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.13.

XPO Company 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.