National Bank of Canada FI Sells 50,841 Shares of XPO, Inc. (NYSE:XPO)

National Bank of Canada FI lowered its holdings in XPO, Inc. (NYSE:XPO) by 27.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,571 shares of the transportation company’s stock after selling 50,841 shares during the quarter. National Bank of Canada FI owned 0.12% of XPO worth $11,675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in shares of XPO by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,896 shares of the transportation company’s stock worth $1,486,000 after purchasing an additional 495 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in XPO by 1.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock valued at $1,046,000 after buying an additional 160 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in XPO by 17.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 42,754 shares of the transportation company’s stock valued at $3,192,000 after buying an additional 6,426 shares in the last quarter. Brown Advisory Inc. boosted its stake in XPO by 5.2% in the 3rd quarter. Brown Advisory Inc. now owns 7,778 shares of the transportation company’s stock valued at $581,000 after buying an additional 386 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in XPO by 20.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,806 shares of the transportation company’s stock valued at $1,703,000 after buying an additional 3,906 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

XPO opened at $112.00 on Thursday. XPO, Inc. has a 52-week low of $45.24 and a 52-week high of $130.51. The firm has a market capitalization of $13.03 billion, a PE ratio of 54.90, a PEG ratio of 2.69 and a beta of 2.17. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.00 and a current ratio of 0.94. The business’s 50-day simple moving average is $120.32 and its 200 day simple moving average is $100.97.

XPO (NYSE:XPO) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that XPO, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. TD Cowen lifted their price objective on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a research report on Monday. Finally, Stifel Nicolaus boosted their target price on XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.95.

XPO 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.