Charles Schwab Investment Management Inc. Sells 16,376 Shares of XPO, Inc. (NYSE:XPO)

Charles Schwab Investment Management Inc. lowered its stake in XPO, Inc. (NYSE:XPO) by 1.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 899,735 shares of the transportation company’s stock after selling 16,376 shares during the period. Charles Schwab Investment Management Inc.’s holdings in XPO were worth $96,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. D1 Capital Partners L.P. acquired a new stake in shares of XPO during the second quarter worth $271,532,000. Clearbridge Investments LLC increased its holdings in XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of XPO in the 3rd quarter valued at about $18,071,000. Renaissance Technologies LLC bought a new stake in shares of XPO in the second quarter valued at about $16,540,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of XPO by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after buying an additional 130,322 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO opened at $151.29 on Wednesday. The company’s 50-day moving average is $125.45 and its 200-day moving average is $115.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $17.61 billion, a PE ratio of 48.96, a PEG ratio of 2.24 and a beta of 2.07. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating 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 firm 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 firm earned $0.88 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup boosted their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Stifel Nicolaus raised their target price on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group decreased their price objective on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average price target of $141.13.

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.