XPO, Inc. (NYSE:XPO) Shares Sold by Arnhold LLC

Arnhold LLC lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 260,185 shares of the transportation company’s stock after selling 51,154 shares during the period. XPO accounts for 2.5% of Arnhold LLC’s portfolio, making the stock its 8th largest position. Arnhold LLC owned 0.22% of XPO worth $22,790,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. acquired a new position in shares of XPO in the 3rd quarter valued at $43,000. GAMMA Investing LLC acquired a new position in shares of XPO in the 4th quarter valued at $46,000. Fifth Third Bancorp grew its holdings in shares of XPO by 37.3% in the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after buying an additional 199 shares during the period. Quent Capital LLC grew its holdings in shares of XPO by 33.5% in the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock valued at $64,000 after buying an additional 183 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of XPO in the 4th quarter valued at $69,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Benchmark boosted their price target on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Citigroup upped their target price on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Bank of America upped their price target on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their price target on shares of XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Barclays upped their price target on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.65.

XPO Stock Performance

Shares of XPO traded down $3.32 during trading hours on Tuesday, hitting $107.40. The company’s stock had a trading volume of 2,482,597 shares, compared to its average volume of 1,378,148. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 66.71, a PEG ratio of 2.67 and a beta of 2.19. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $121.51 and a two-hundred day simple moving average of $99.63. XPO, Inc. has a 52-week low of $42.86 and a 52-week high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities analysts expect that XPO, Inc. will post 3.47 earnings per share for the current fiscal year.

XPO 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.