Atria Wealth Solutions Inc. Lowers Stock Holdings in XPO, Inc. (NYSE:XPO)

Atria Wealth Solutions Inc. reduced its position in XPO, Inc. (NYSE:XPO) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,789 shares of the transportation company’s stock after selling 777 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in XPO were worth $419,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of XPO in the fourth quarter valued at approximately $46,000. Hanseatic Management Services Inc. purchased a new stake in shares of XPO during the third quarter worth $43,000. Quent Capital LLC raised its stake in shares of XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 183 shares in the last quarter. Fifth Third Bancorp boosted its holdings in XPO by 37.3% in the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 199 shares during the period. Finally, CWM LLC grew its stake in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $110.70 on Tuesday. XPO, Inc. has a one year low of $45.24 and a one year high of $130.51. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 2.69 and a beta of 2.17. The company has a 50-day simple moving average of $120.60 and a 200-day simple moving average of $100.62. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.00 and a current ratio of 0.94.

XPO (NYSE:XPO) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. On average, analysts predict that XPO, Inc. will post 3.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XPO. TD Cowen increased their price target on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday. 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. Raymond James lifted their price objective on shares of XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Bank of America boosted their target price on shares of XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Susquehanna raised their price target on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.95.

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.