Fortem Financial Group LLC Sells 222 Shares of XPO, Inc. (NYSE:XPO)

Fortem Financial Group LLC decreased its stake in shares of XPO, Inc. (NYSE:XPO) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,806 shares of the transportation company’s stock after selling 222 shares during the period. Fortem Financial Group LLC’s holdings in XPO were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of XPO. Everence Capital Management Inc. purchased a new position in XPO during the fourth quarter valued at $395,000. GAMMA Investing LLC grew its holdings in XPO by 20.2% in the fourth quarter. GAMMA Investing LLC now owns 1,135 shares of the transportation company’s stock worth $149,000 after purchasing an additional 191 shares during the period. Versant Capital Management Inc purchased a new position in shares of XPO during the fourth quarter valued at approximately $29,000. JPMorgan Chase & Co. boosted its position in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in XPO by 23.7% during the 3rd quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock valued at $51,677,000 after buying an additional 91,973 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XPO shares. Stephens restated an “overweight” rating and set a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. TD Cowen upped their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. Stifel Nicolaus upped their price objective on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.31.

XPO Stock Performance

Shares of NYSE XPO opened at $140.96 on Tuesday. XPO, Inc. has a 12-month low of $80.26 and a 12-month high of $161.00. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth 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. The firm has a 50 day moving average of $144.56 and a 200 day moving average of $122.94.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current year.

XPO Company 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.