Redmond Asset Management LLC lessened its position in shares of XPO, Inc. (NYSE:XPO – Free Report) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,890 shares of the transportation company’s stock after selling 20,908 shares during the quarter. XPO comprises about 1.9% of Redmond Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Redmond Asset Management LLC’s holdings in XPO were worth $7,460,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in XPO. Amundi lifted its stake in XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares during the period. AQR Capital Management LLC lifted its stake in XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after buying an additional 1,243 shares during the period. NewEdge Advisors LLC lifted its stake in XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after buying an additional 355 shares during the period. EverSource Wealth Advisors LLC lifted its stake in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares during the period. Finally, Marshall Wace LLP acquired a new position in XPO in the second quarter valued at about $611,000. Institutional investors and hedge funds own 97.73% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on XPO shares. Truist Financial set a $240.00 target price on XPO in a research note on Friday, May 1st. Barclays increased their target price on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their target price on XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, March 10th. Benchmark increased their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, BMO Capital Markets set a $230.00 target price on XPO in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $211.24.
XPO Trading Up 1.0%
NYSE XPO opened at $212.78 on Thursday. The firm has a market cap of $24.98 billion, a P/E ratio of 72.87, a P/E/G ratio of 2.47 and a beta of 1.87. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50-day moving average is $205.63 and its 200-day moving average is $176.50. XPO, Inc. has a one year low of $110.78 and a one year high of $231.46.
XPO (NYSE:XPO – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.XPO’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. Sell-side analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.
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.
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