Raymond James & Associates Trims Stock Position in XPO, Inc. (NYSE:XPO)

Raymond James & Associates lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 133,823 shares of the transportation company’s stock after selling 11,344 shares during the period. Raymond James & Associates’ holdings in XPO were worth $14,387,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Perennial Investment Advisors LLC increased its holdings in XPO by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after purchasing an additional 103 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after buying an additional 126 shares during the period. Resources Management Corp CT ADV raised its holdings in shares of XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after acquiring an additional 145 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in shares of XPO by 1.7% in the first quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after acquiring an additional 150 shares in the last quarter. Finally, US Bancorp DE lifted its stake in XPO by 0.9% in the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after acquiring an additional 154 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO opened at $117.70 on Monday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $112.12 and its 200-day moving average price is $111.16. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51. The firm has a market capitalization of $13.69 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10.

XPO (NYSE:XPO) last released its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that XPO, Inc. will post 3.52 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on XPO. Oppenheimer reissued an “outperform” rating and set a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Susquehanna lifted their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Stephens reissued an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. TD Cowen dropped their target price on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, 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. Two investment analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.41.

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.