Commonwealth Equity Services LLC Has $850,000 Stock Holdings in XPO, Inc. (NYSE:XPO)

Commonwealth Equity Services LLC trimmed its holdings in XPO, Inc. (NYSE:XPO – Get Rating) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 25,544 shares of the transportation company’s stock after selling 465 shares during the quarter. Commonwealth Equity Services LLC’s holdings in XPO were worth $850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in XPO by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 25,951 shares of the transportation company’s stock valued at $1,250,000 after purchasing an additional 173 shares during the last quarter. Guggenheim Capital LLC lifted its stake in XPO by 3.3% in the first quarter. Guggenheim Capital LLC now owns 8,254 shares of the transportation company’s stock valued at $601,000 after purchasing an additional 263 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in XPO by 48.2% in the third quarter. Quadrant Capital Group LLC now owns 898 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 292 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in XPO by 3.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 8,045 shares of the transportation company’s stock valued at $303,000 after purchasing an additional 300 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in XPO by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 29,342 shares of the transportation company’s stock valued at $977,000 after purchasing an additional 300 shares during the last quarter. 89.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director J Wes Frye acquired 1,500 shares of the stock in a transaction on Friday, March 10th. The stock was acquired at an average cost of $35.74 per share, for a total transaction of $53,610.00. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $53,610. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XPO. 58.com restated an “upgrade” rating on shares of XPO in a research report on Monday, May 8th. Raymond James dropped their target price on XPO from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 14th. Credit Suisse Group increased their target price on XPO from $39.00 to $52.00 in a research report on Friday, May 5th. Oppenheimer dropped their target price on XPO from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, February 13th. Finally, Stephens reiterated an “equal weight” rating and issued a $38.00 price objective on shares of XPO in a research report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.10.

XPO Stock Performance

Shares of XPO opened at $46.83 on Wednesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a one year low of $24.51 and a one year high of $49.20. The company has a 50-day simple moving average of $38.44 and a two-hundred day simple moving average of $37.41. The firm has a market capitalization of $5.43 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.74 and a beta of 2.16.

XPO (NYSE:XPO – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The transportation company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. XPO had a net margin of 1.92% and a return on equity of 39.93%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $1.25 earnings per share. XPO’s quarterly revenue was down 45.1% compared to the same quarter last year. On average, analysts anticipate that XPO, Inc. will post 2.44 EPS for the current fiscal year.

XPO Profile

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XPO, Inc engages in the provision of freight transportation services. It operates through North American Less-Than-Truckload and European Transportation segments. The North American Less-Than-Truckload segment includes cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service.