Rhumbline Advisers Trims Stake in XPO, Inc. $XPO

Rhumbline Advisers cut its position in XPO, Inc. (NYSE:XPO) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,651 shares of the transportation company’s stock after selling 6,515 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of XPO worth $40,029,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in XPO. Parkside Financial Bank & Trust grew its position in shares of XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after acquiring an additional 82 shares during the last quarter. Archer Investment Corp grew its position in XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after purchasing an additional 82 shares during the last quarter. Bayforest Capital Ltd raised its holdings in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of XPO by 21.6% during the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after buying an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

XPO has been the subject of a number of recent research reports. Truist Financial increased their price objective on XPO from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $205.00 price target on shares of XPO in a report on Thursday, February 5th. Wolfe Research lowered shares of XPO from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of XPO in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.17.

XPO Stock Performance

Shares of XPO opened at $195.37 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $207.04. The company has a 50-day simple moving average of $154.11 and a 200-day simple moving average of $139.35. The company has a market capitalization of $22.89 billion, a PE ratio of 73.73, a P/E/G ratio of 2.56 and a beta of 2.01.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.