Oppenheimer & Co. Inc. lowered its position in XPO, Inc. (NYSE:XPO - Free Report) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,828 shares of the transportation company's stock after selling 5,403 shares during the period. Oppenheimer & Co. Inc. owned about 0.06% of XPO worth $9,289,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter worth about $29,000. Brooklyn Investment Group purchased a new position in XPO in the 3rd quarter worth approximately $57,000. UMB Bank n.a. boosted its stake in 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 purchasing an additional 86 shares during the period. Continuum Advisory LLC grew its holdings in XPO by 51.3% during the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company's stock valued at $97,000 after buying an additional 305 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of XPO by 48.9% during the fourth quarter. Richardson Financial Services Inc. now owns 974 shares of the transportation company's stock valued at $129,000 after buying an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.
XPO Trading Down 2.7 %
Shares of XPO stock traded down $3.26 during trading on Monday, hitting $119.70. The stock had a trading volume of 1,453,298 shares, compared to its average volume of 1,462,092. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm's fifty day simple moving average is $135.88 and its 200-day simple moving average is $130.55. The stock has a market cap of $14.03 billion, a PE ratio of 37.06, a PEG ratio of 1.79 and a beta of 2.12.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 target price for the company in a research report on Monday, February 24th. The Goldman Sachs Group increased their price objective on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Citigroup raised their price objective on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Jefferies Financial Group boosted their target price on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $161.13.
View Our Latest Stock Report on XPO
About XPO
(
Free Report)
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.
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