By otakuyassine3@gmail.com 
Tritonpoint Wealth LLC trimmed its stake in shares of XPO, Inc. (NYSE:XPO – Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,456 shares of the transportation company’s stock after selling 3,848 shares during the quarter. XPO comprises 1.5% of Tritonpoint Wealth LLC’s holdings, making the stock its 12th biggest position. Tritonpoint Wealth LLC owned about 0.11% of XPO worth $16,454,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. Stifel Financial Corp grew its position in XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of XPO in the third quarter worth $534,000. Traynor Capital Management Inc. lifted its stake in shares of XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its stake in shares of XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after buying an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. TD Cowen upped their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $155.00 in a research report on Tuesday, January 7th. Stifel Nicolaus upped their target price on shares of XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Benchmark upped their target price on shares of XPO from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.
Read Our Latest Research Report on XPO
XPO Stock Performance
NYSE XPO opened at $133.77 on Friday. The firm’s fifty day moving average price is $142.48 and its two-hundred day moving average price is $127.10. The stock has a market cap of $15.57 billion, a PE ratio of 43.29, a PEG ratio of 1.78 and a beta of 2.11. XPO, Inc. has a fifty-two week low of $82.78 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.
XPO (NYSE:XPO – Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, equities analysts expect that XPO, Inc. will post 3.58 EPS for the current fiscal year.
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.
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