XPO, Inc. (NYSE:XPO) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its stake in XPO, Inc. (NYSE:XPO) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 350,471 shares of the transportation company’s stock after selling 69,785 shares during the period. Douglas Lane & Associates LLC owned 0.30% of XPO worth $45,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. TD Asset Management Inc purchased a new stake in shares of XPO during the second quarter worth approximately $984,000. Arizona State Retirement System lifted its stake in shares of XPO by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 32,505 shares of the transportation company’s stock worth $3,450,000 after acquiring an additional 633 shares during the period. Quest Partners LLC purchased a new stake in shares of XPO in the second quarter valued at about $28,000. Texas Permanent School Fund Corp increased its stake in shares of XPO by 15.7% during the second quarter. Texas Permanent School Fund Corp now owns 117,565 shares of the transportation company’s stock worth $12,480,000 after acquiring an additional 15,944 shares during the period. Finally, Thoroughbred Financial Services LLC raised its holdings in XPO by 2.1% during the second quarter. Thoroughbred Financial Services LLC now owns 8,615 shares of the transportation company’s stock worth $914,000 after purchasing an additional 175 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XPO. Susquehanna cut XPO from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $155.00 in a research report on Tuesday. Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Stifel Nicolaus boosted their target price on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. TD Cowen increased their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer boosted their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average target price of $148.25.

XPO Price Performance

Shares of NYSE XPO traded up $0.86 during trading on Wednesday, reaching $136.32. The company had a trading volume of 404,743 shares, compared to its average volume of 1,591,318. 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, Inc. has a twelve month low of $80.26 and a twelve month high of $161.00. The stock has a 50-day moving average price of $145.28 and a two-hundred day moving average price of $123.41. 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 (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that XPO, Inc. will post 3.62 earnings per share for the current year.

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.