Victory Capital Management Inc. Trims Stock Holdings in XPO, Inc. (NYSE:XPO)

Victory Capital Management Inc. cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,182 shares of the transportation company’s stock after selling 5,767 shares during the quarter. Victory Capital Management Inc.’s holdings in XPO were worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Traynor Capital Management Inc. lifted its position in XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares during the period. Westwood Holdings Group Inc. lifted its position in XPO by 38.6% during the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after buying an additional 57,192 shares during the period. Hsbc Holdings PLC lifted its position in XPO by 595.5% during the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after buying an additional 21,889 shares during the period. Comerica Bank lifted its position in XPO by 10.8% during the first quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock worth $6,654,000 after buying an additional 5,336 shares during the period. Finally, Algert Global LLC lifted its position in XPO by 46.2% during the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock worth $5,308,000 after buying an additional 15,795 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Price Performance

XPO stock opened at $148.97 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The firm has a market cap of $17.34 billion, a P/E ratio of 48.20, a price-to-earnings-growth ratio of 2.25 and a beta of 2.07. The stock has a 50-day simple moving average of $123.80 and a 200-day simple moving average of $114.80.

XPO (NYSE:XPO) last posted its earnings results 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 return on equity of 31.16% and a net margin of 4.57%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts predict that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XPO shares. Stephens reiterated an “overweight” rating and set a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. Evercore ISI cut their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Susquehanna raised their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. The Goldman Sachs Group cut their price objective on XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Benchmark restated a “buy” rating and issued a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.