XPO, Inc. (NYSE:XPO) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 52.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,366 shares of the transportation company’s stock after selling 13,529 shares during the period. South Dakota Investment Council’s holdings in XPO were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of XPO. Exchange Traded Concepts LLC lifted its position in shares of XPO by 520.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 24,647 shares of the transportation company’s stock valued at $1,840,000 after acquiring an additional 20,674 shares during the last quarter. Coronation Fund Managers Ltd. raised its stake in XPO by 629.3% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 76,968 shares of the transportation company’s stock valued at $5,746,000 after purchasing an additional 66,415 shares during the period. Handelsbanken Fonder AB raised its stake in XPO by 33.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,800 shares of the transportation company’s stock valued at $1,702,000 after purchasing an additional 5,700 shares during the period. Commonwealth Equity Services LLC raised its stake in XPO by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,896 shares of the transportation company’s stock valued at $1,486,000 after purchasing an additional 495 shares during the period. Finally, Balboa Wealth Partners acquired a new stake in XPO during the 3rd quarter valued at $268,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XPO shares. Susquehanna upped their price target on shares of XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Citigroup upped their price target on shares of XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Oppenheimer raised their target price on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Bank of America raised their price objective on XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Barclays boosted their price objective on shares of XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $111.65.

XPO Stock Performance

Shares of NYSE:XPO opened at $118.24 on Friday. XPO, Inc. has a twelve month low of $40.69 and a twelve month high of $130.51. The firm has a market cap of $13.75 billion, a PE ratio of 73.44, a price-to-earnings-growth ratio of 2.82 and a beta of 2.19. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The business has a fifty day moving average of $122.11 and a 200-day moving average of $98.65.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that XPO, Inc. will post 3.47 EPS for the current fiscal 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.