XPO, Inc. $XPO Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 223,594 shares of the transportation company’s stock after selling 20,359 shares during the quarter. XPO comprises approximately 1.6% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 16th largest holding. Rice Hall James & Associates LLC’s holdings in XPO were worth $28,904,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. RMG Wealth Management LLC purchased a new stake in shares of XPO during the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its position in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in XPO in the second quarter valued at $42,000. MassMutual Private Wealth & Trust FSB boosted its stake in XPO by 46.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of XPO by 58.7% during the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after purchasing an additional 149 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE:XPO opened at $141.36 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 50.85, a price-to-earnings-growth ratio of 2.81 and a beta of 2.03. The firm’s fifty day moving average price is $137.75 and its 200 day moving average price is $131.95. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $155.08.

XPO (NYSE:XPO) last released its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. On average, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on XPO from $149.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. lowered their target price on shares of XPO from $166.00 to $163.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Bank of America upped their price target on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, UBS Group lifted their price objective on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.67.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.