K.J. Harrison & Partners Inc Has $613,000 Position in XPO, Inc. (NYSE:XPO)

K.J. Harrison & Partners Inc cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the transportation company’s stock after selling 7,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in XPO were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XPO. Exchange Traded Concepts LLC lifted its position in shares of XPO by 520.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 24,647 shares of the transportation company’s stock valued at $1,840,000 after acquiring an additional 20,674 shares during the period. Handelsbanken Fonder AB lifted its position in shares of XPO by 33.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,800 shares of the transportation company’s stock valued at $1,702,000 after acquiring an additional 5,700 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of XPO by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,896 shares of the transportation company’s stock valued at $1,486,000 after acquiring an additional 495 shares during the period. Balboa Wealth Partners bought a new stake in shares of XPO during the 3rd quarter valued at $268,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of XPO by 1.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after acquiring an additional 160 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XPO shares. Benchmark upped their target price on XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Raymond James upped their target price on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Bank of America upped their target price on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. BMO Capital Markets increased their price target on XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley cut XPO from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $75.00 to $80.00 in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.65.

XPO Stock Performance

Shares of NYSE XPO traded down $7.35 during mid-day trading on Friday, hitting $110.90. The company had a trading volume of 4,820,529 shares, compared to its average volume of 1,063,648. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock’s 50-day moving average price is $121.92 and its 200-day moving average price is $98.87. XPO, Inc. has a 1 year low of $40.69 and a 1 year high of $130.51. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 68.89, a P/E/G ratio of 2.84 and a beta of 2.19.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, sell-side analysts forecast that XPO, Inc. will post 3.47 earnings per share for the current year.

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.