XPO, Inc. (NYSE:XPO) Position Reduced by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 45.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,459 shares of the transportation company's stock after selling 14,533 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in XPO were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of XPO during the third quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock valued at $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC bought a new position in XPO during the 2nd quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in XPO during the 2nd quarter worth $36,000. Finally, UMB Bank n.a. raised its stake in shares of XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. TD Cowen lifted their target price on XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Evercore ISI dropped their price target on XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Oppenheimer reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of XPO in a report on Friday, October 4th. Finally, Barclays increased their target price on shares of XPO from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, XPO has an average rating of "Moderate Buy" and a consensus target price of $143.13.

XPO Price Performance

XPO stock traded up $1.24 during trading hours on Friday, hitting $151.63. 1,354,137 shares of the company traded hands, compared to its average volume of 1,085,750. The firm's 50-day simple moving average is $131.73 and its two-hundred day simple moving average is $117.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a market cap of $17.65 billion, a P/E ratio of 49.07, a P/E/G ratio of 2.33 and a beta of 2.08. 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 earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company earned $0.88 earnings per share. XPO's revenue was up 3.7% compared to the same quarter last year. As a group, analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

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.