Channing Capital Management LLC Reduces Stake in XPO, Inc. (NYSE:XPO)

Channing Capital Management LLC reduced its holdings in XPO, Inc. (NYSE:XPO) by 17.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 910,571 shares of the transportation company’s stock after selling 193,298 shares during the period. XPO accounts for approximately 2.4% of Channing Capital Management LLC’s portfolio, making the stock its 6th largest position. Channing Capital Management LLC’s holdings in XPO were worth $79,757,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dorsey Wright & Associates bought a new position in XPO in the 3rd quarter worth approximately $1,252,000. Lisanti Capital Growth LLC increased its position in shares of XPO by 527.2% during the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company’s stock valued at $6,753,000 after purchasing an additional 76,025 shares during the period. Deutsche Bank AG increased its position in shares of XPO by 12,894.9% during the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock valued at $97,359,000 after purchasing an additional 1,294,002 shares during the period. PNC Financial Services Group Inc. increased its position in shares of XPO by 11.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 586 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of XPO by 2.7% during the fourth quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company’s stock valued at $10,844,000 after purchasing an additional 3,207 shares during the period. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

XPO stock traded up $3.64 on Friday, reaching $112.56. The company’s stock had a trading volume of 4,012,750 shares, compared to its average volume of 1,617,625. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 2.71 and a beta of 2.17. The business’s fifty day moving average price is $120.80 and its 200 day moving average price is $100.34. XPO, Inc. has a twelve month low of $45.24 and a twelve month high of $130.51.

XPO (NYSE:XPO) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Equities analysts expect that XPO, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XPO shares. Stifel Nicolaus boosted their price objective on XPO from $77.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Citigroup boosted their price objective on XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Bank of America boosted their price objective on XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Morgan Stanley cut XPO from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Monday, February 12th. Finally, BMO Capital Markets boosted their price target on XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average target price of $111.65.

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.