XPO, Inc. (NYSE:XPO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its holdings in XPO, Inc. (NYSE:XPO) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,288 shares of the transportation company’s stock after selling 405 shares during the quarter. National Bank of Canada FI owned about 0.11% of XPO worth $14,222,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Advisors LLC acquired a new position in XPO in the 1st quarter valued at about $235,000. SG Americas Securities LLC acquired a new position in shares of XPO in the second quarter valued at approximately $2,172,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of XPO by 31.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,871 shares of the transportation company’s stock worth $1,791,000 after purchasing an additional 4,018 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of XPO by 65.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,244 shares of the transportation company’s stock worth $451,000 after purchasing an additional 1,684 shares during the period. Finally, Blue Trust Inc. grew its position in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

NYSE:XPO opened at $154.60 on Wednesday. XPO, Inc. has a 12-month low of $80.26 and a 12-month high of $159.43. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08. The company’s 50-day moving average is $132.65 and its two-hundred day moving average is $118.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last announced 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 net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business earned $0.88 earnings per share. XPO’s revenue was up 3.7% compared to the same quarter last year. Research analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XPO shares. JPMorgan Chase & Co. upped their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Susquehanna lifted their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Finally, Stifel Nicolaus raised their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.13.

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.