XPO, Inc. (NYSE:XPO) Stake Trimmed by Fred Alger Management LLC

Fred Alger Management LLC lessened its position in XPO, Inc. (NYSE:XPO) by 28.2% in the 3rd quarter, Holdings Channel reports. The fund owned 10,573 shares of the transportation company’s stock after selling 4,148 shares during the period. Fred Alger Management LLC’s holdings in XPO were worth $1,137,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XPO. Cetera Advisors LLC acquired a new stake in XPO during the 1st quarter worth about $235,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in XPO during the second quarter valued at approximately $37,000. Mather Group LLC. increased its stake in XPO by 182.6% in the 2nd quarter. Mather Group LLC. now owns 619 shares of the transportation company’s stock valued at $66,000 after buying an additional 400 shares during the period. Symmetry Partners LLC lifted its position in XPO by 6.1% in the 2nd quarter. Symmetry Partners LLC now owns 10,605 shares of the transportation company’s stock worth $1,126,000 after buying an additional 610 shares in the last quarter. Finally, City Holding Co. boosted its stake in shares of XPO by 7.3% during the 2nd quarter. City Holding Co. now owns 5,274 shares of the transportation company’s stock valued at $560,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 1.5 %

Shares of XPO stock opened at $152.41 on Monday. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The company’s fifty day simple moving average is $127.72 and its 200-day simple moving average is $116.20. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 2.29 and a beta of 2.07. 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 posted its quarterly 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. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, sell-side analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company upped their target price on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 21st. TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Barclays lifted their target price on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.13.

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.