Fortem Financial Group LLC Cuts Stake in XPO, Inc. (NYSE:XPO)

Fortem Financial Group LLC lessened its stake in XPO, Inc. (NYSE:XPO) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,806 shares of the transportation company’s stock after selling 222 shares during the quarter. Fortem Financial Group LLC’s holdings in XPO were worth $237,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in XPO in the 4th quarter worth approximately $29,000. ORG Wealth Partners LLC bought a new stake in XPO in the third quarter worth $25,000. Quest Partners LLC purchased a new stake in XPO during the second quarter valued at $28,000. UMB Bank n.a. lifted its position in XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in XPO during the third quarter valued at $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO stock opened at $140.96 on Tuesday. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 45.62, a P/E/G ratio of 2.37 and a beta of 2.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a twelve month low of $80.26 and a twelve month high of $161.00. The stock has a fifty day simple moving average of $144.56 and a two-hundred day simple moving average of $122.94.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the business earned $0.88 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XPO shares. JPMorgan Chase & Co. upped their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Susquehanna raised their price objective on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Stephens reiterated an “overweight” rating and issued a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. Stifel Nicolaus raised their price target on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their price objective 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. One investment analyst has rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $147.31.

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.