XPO, Inc. (NYSE:XPO) Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,430 shares of the transportation company’s stock after selling 100 shares during the period. Middleton & Co. Inc. MA’s holdings in XPO were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of XPO in the third quarter worth about $25,000. Blue Trust Inc. increased its holdings in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new position in shares of XPO in the 2nd quarter valued at $28,000. ORG Partners LLC purchased a new stake in XPO during the first quarter worth $36,000. Finally, International Assets Investment Management LLC acquired a new stake in XPO during the second quarter valued at $36,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

XPO opened at $117.70 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock’s 50-day moving average price is $112.12 and its 200 day moving average price is $111.28. XPO, Inc. has a 12-month low of $65.80 and a 12-month high of $130.51. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.82 and a beta of 2.10.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the company posted $0.71 EPS. The company’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts expect that XPO, Inc. will post 3.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on XPO shares. Susquehanna raised their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Evercore ISI reduced their target price on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. 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. The Goldman Sachs Group reduced their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.41.

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.