Algert Global LLC Has $4.67 Million Stake in XPO, Inc. (NYSE:XPO)

Algert Global LLC reduced its position in shares of XPO, Inc. (NYSE:XPO) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,395 shares of the transportation company’s stock after selling 6,610 shares during the period. Algert Global LLC’s holdings in XPO were worth $4,665,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. D1 Capital Partners L.P. acquired a new position in XPO during the 2nd quarter worth approximately $271,532,000. Clearbridge Investments LLC boosted its position in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position 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 purchasing an additional 10,318 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of XPO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after purchasing an additional 130,322 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of XPO by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 899,658 shares of the transportation company’s stock valued at $95,499,000 after buying an additional 7,837 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

NYSE XPO opened at $148.97 on Monday. XPO, Inc. has a 12-month low of $78.72 and a 12-month high of $156.85. The firm has a 50-day moving average price of $123.80 and a two-hundred day moving average price of $114.85. The company has a market capitalization of $17.34 billion, a P/E ratio of 48.21, a P/E/G ratio of 2.24 and a beta of 2.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its earnings results 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. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm posted $0.88 EPS. XPO’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current year.

Analyst Ratings Changes

XPO has been the topic of a number of recent analyst reports. TD Cowen boosted their target price on shares of 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 cut their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Barclays boosted their price target on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $141.13.

About XPO

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.