Fmr LLC Has $270.39 Million Holdings in XPO, Inc. (NYSE:XPO)

Fmr LLC trimmed its holdings in XPO, Inc. (NYSE:XPO) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,515,013 shares of the transportation company’s stock after selling 345,664 shares during the period. Fmr LLC owned 2.16% of XPO worth $270,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in XPO. ORG Wealth Partners LLC bought a new stake in XPO during the third quarter worth about $25,000. Blue Trust Inc. lifted its holdings in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the period. Quest Partners LLC bought a new stake in shares of XPO during the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new stake in shares of XPO during the 2nd quarter worth approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in XPO in the second quarter valued at approximately $37,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XPO shares. The Goldman Sachs Group reduced their target price on XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Oppenheimer reissued an “outperform” rating and set a $140.00 target price on shares of XPO in a research note on Friday, October 4th. Evercore ISI reduced their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.13.

XPO Trading Up 1.5 %

NYSE XPO opened at $152.41 on Monday. The firm has a market capitalization of $17.74 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 2.29 and a beta of 2.07. The business’s 50-day moving average price is $127.72 and its two-hundred day moving average price is $116.20. 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 12 month low of $78.72 and a 12 month high of $156.85.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business 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 posted $0.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

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.