Rhumbline Advisers Decreases Stock Position in XPO, Inc. $XPO

Rhumbline Advisers reduced its holdings in shares of XPO, Inc. (NYSE:XPO) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,651 shares of the transportation company’s stock after selling 6,515 shares during the quarter. Rhumbline Advisers’ holdings in XPO were worth $40,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Bayforest Capital Ltd grew its position in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. Root Financial Partners LLC purchased a new stake in XPO in the 3rd quarter valued at approximately $32,000. FNY Investment Advisers LLC acquired a new stake in XPO during the 2nd quarter valued at $42,000. EverSource Wealth Advisors LLC increased its position in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of XPO by 247.4% in the third quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock worth $44,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 2.9%

Shares of NYSE XPO opened at $195.37 on Friday. The stock has a market capitalization of $22.89 billion, a PE ratio of 73.73, a P/E/G ratio of 2.56 and a beta of 2.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm has a fifty day moving average of $154.11 and a 200-day moving average of $139.35. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $207.04.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on XPO shares. Citigroup upped their target price on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. BMO Capital Markets reissued an “outperform” rating and issued a $205.00 price objective on shares of XPO in a research report on Thursday, February 5th. Stifel Nicolaus upped their price objective on shares of XPO from $166.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Barclays set a $195.00 target price on shares of XPO and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of XPO in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average target price of $178.17.

About XPO

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.