Retirement Systems of Alabama Has $24.62 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Retirement Systems of Alabama decreased its stake in shares of XPO, Inc. (NYSE:XPO) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 281,125 shares of the transportation company’s stock after selling 6,736 shares during the period. Retirement Systems of Alabama’s holdings in XPO were worth $24,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of XPO in the fourth quarter valued at $69,000. Truist Financial Corp grew its position in shares of XPO by 3.8% in the 4th quarter. Truist Financial Corp now owns 6,710 shares of the transportation company’s stock valued at $588,000 after acquiring an additional 243 shares during the period. Yousif Capital Management LLC increased its stake in shares of XPO by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 54,295 shares of the transportation company’s stock worth $4,756,000 after purchasing an additional 193 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of XPO in the 4th quarter valued at about $46,000. Finally, Duality Advisers LP lifted its stake in XPO by 20.4% in the 4th quarter. Duality Advisers LP now owns 42,782 shares of the transportation company’s stock valued at $3,747,000 after purchasing an additional 7,238 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO opened at $110.69 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a 52-week low of $42.86 and a 52-week high of $130.51. The firm has a market cap of $12.87 billion, a P/E ratio of 68.75, a price-to-earnings-growth ratio of 2.67 and a beta of 2.19. The business’s fifty day moving average is $121.72 and its 200-day moving average is $99.39.

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

Wall Street Analyst Weigh In

XPO has been the topic of several research analyst reports. Raymond James upped their price objective on XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Benchmark raised their price target on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Citigroup increased their price objective on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus raised their target price on shares of XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.65.

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.