Douglas Lane & Associates LLC Trims Stock Position in XPO, Inc. (NYSE:XPO)

Douglas Lane & Associates LLC trimmed its holdings in XPO, Inc. (NYSE:XPO) by 16.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 350,471 shares of the transportation company’s stock after selling 69,785 shares during the period. Douglas Lane & Associates LLC’s holdings in XPO were worth $45,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of XPO. D1 Capital Partners L.P. boosted its position in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp boosted its holdings in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after purchasing an additional 37,486 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after buying an additional 253,519 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after buying an additional 10,318 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after buying an additional 130,322 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 0.6 %

Shares of NYSE XPO traded up $0.86 during midday trading on Wednesday, reaching $136.32. 404,743 shares of the company’s stock were exchanged, compared to its average volume of 1,591,318. The stock has a market capitalization of $15.87 billion, a PE ratio of 44.12, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. XPO, Inc. has a 52-week low of $80.26 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average price is $145.28 and its two-hundred day moving average price is $123.41.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. Analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of research reports. Evercore ISI lowered their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Oppenheimer boosted their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Stephens reissued an “overweight” rating and issued a $165.00 target price on shares of XPO in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.25.

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.