XPO, Inc. (NYSE:XPO) Position Trimmed by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,144 shares of the transportation company’s stock after selling 1,013 shares during the period. New York Life Investment Management LLC’s holdings in XPO were worth $1,593,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after acquiring an additional 86 shares during the last quarter. Coldstream Capital Management Inc. grew its position in XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after buying an additional 107 shares in the last quarter. Greenleaf Trust grew its position in XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock valued at $311,000 after buying an additional 114 shares in the last quarter. CIBC Asset Management Inc grew its position in XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after buying an additional 116 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in XPO by 13.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,138 shares of the transportation company’s stock valued at $149,000 after buying an additional 138 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Benchmark increased their target price on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Stephens reiterated an “overweight” rating and issued a $165.00 target price on shares of XPO in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group increased their target price on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $161.13.

XPO Price Performance

XPO stock opened at $119.70 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The firm has a market capitalization of $14.03 billion, a PE ratio of 37.06, a P/E/G ratio of 1.79 and a beta of 2.12. The firm has a 50-day moving average of $135.62 and a two-hundred day moving average of $130.52.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

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.