AE Wealth Management LLC Lowers Position in XPO, Inc. (NYSE:XPO)

AE Wealth Management LLC cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,971 shares of the transportation company’s stock after selling 370 shares during the quarter. AE Wealth Management LLC’s holdings in XPO were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Perennial Investment Advisors LLC grew its holdings in shares of 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 boosted its holdings in XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 126 shares during the period. Mystic Asset Management Inc. boosted its holdings in XPO by 1.7% during the 1st 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 during the period. US Bancorp DE boosted its holdings in XPO by 0.9% during the 1st quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after acquiring an additional 154 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its holdings in XPO by 2.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,615 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 175 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on XPO. Bank of America lowered their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. TD Cowen reduced their price target on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus increased their price target on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Evercore ISI reduced their price target on XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus target price of $130.18.

XPO Price Performance

Shares of NYSE XPO opened at $111.53 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The firm has a market capitalization of $12.98 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 1.85 and a beta of 2.11. The stock’s 50-day simple moving average is $113.14 and its 200-day simple moving average is $113.10.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. As a group, equities research analysts forecast that XPO, Inc. will post 3.59 EPS for the current fiscal 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.