New York State Common Retirement Fund Sells 157,157 Shares of XPO, Inc. (NYSE:XPO)

New York State Common Retirement Fund trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,854 shares of the transportation company's stock after selling 157,157 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of XPO worth $7,719,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XPO. D1 Capital Partners L.P. increased its stake in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in XPO during the 4th quarter valued at $163,938,000. Life Planning Partners Inc raised its stake in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock valued at $109,824,000 after acquiring an additional 830,963 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock worth $59,486,000 after purchasing an additional 390,320 shares during the period. Finally, Holocene Advisors LP grew its stake in shares of XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock worth $73,529,000 after purchasing an additional 259,727 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

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XPO Stock Up 2.0 %

Shares of XPO traded up $2.36 on Friday, hitting $122.90. 1,212,958 shares of the stock traded hands, compared to its average volume of 1,467,964. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company has a market capitalization of $14.41 billion, a PE ratio of 38.05, a P/E/G ratio of 1.79 and a beta of 2.12. The business has a 50 day simple moving average of $135.88 and a 200 day simple moving average of $130.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on XPO shares. Barclays lowered their price target on XPO from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Citigroup upped their target price on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Benchmark lifted their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective 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, Wells Fargo & Company lowered their target price on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $161.13.

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.