Virtu Financial LLC Sells 1,559 Shares of XPO, Inc. (NYSE:XPO)

Virtu Financial LLC lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 32.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,180 shares of the transportation company’s stock after selling 1,559 shares during the period. Virtu Financial LLC’s holdings in XPO were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. ORG Wealth Partners LLC acquired a new position in XPO during the 3rd quarter worth about $25,000. Blue Trust Inc. lifted its position in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new stake in shares of XPO during the second quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new stake in shares of XPO during the second quarter valued at approximately $36,000. Finally, UMB Bank n.a. increased its holdings in shares of XPO by 356.6% in the third 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XPO has been the subject of several research reports. TD Cowen lifted their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Susquehanna boosted their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Citigroup upped their target price on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Evercore ISI lowered their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. Two research 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, XPO has an average rating of “Moderate Buy” and a consensus target price of $147.31.

XPO Trading Up 1.2 %

NYSE XPO opened at $158.23 on Tuesday. XPO, Inc. has a one year low of $80.26 and a one year high of $159.65. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $18.42 billion, a P/E ratio of 51.21, a P/E/G ratio of 2.37 and a beta of 2.08. The stock’s 50-day moving average is $137.73 and its 200-day moving average is $119.82.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.02 billion. During the same period last year, the company posted $0.88 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that XPO, Inc. will post 3.62 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.